As a crown corporation, we have a mandate to be everywhere in Canada. We have a mandate to offer all the products to all Canadians across the country. We also do rental housing. That is our mandate.
Mortgage insurers in the private sector do not have that requirement imposed on them by OSFI, which would regulate them. We are required to have a reasonable rate of return on a level playing field in a competitive marketplace. The expectations of CMHC are slightly different from that of the private mortgage insurers in that we have a mandate to serve all Canadians everywhere. As I mentioned in my opening statement, it includes rental housing, nursing and retirement homes, chattel homes, which are mobile homes up in the north, single industry towns, and rural areas. We are everywhere.