Since today's subject is access to credit and the stability of Canada's financial system, I'll take the liberty of asking one final question on that subject.
Certain chartered banks—not yours—currently want a mortgage market at a rate of 2% or 2.5%. That's not unusual in Montreal.
The Mouvement Desjardins' rate is now below 2%, 1.5%. I don't entirely agree with you that interest rates won't stay at that level for a long time. The 1.5% rate at Desjardins isn't a fixed rate, but a variable rate. It's like a game on a computer screen: someone sends you something and it moves every time you try to click on it. Try to fix that mortgage at 1.5% for five years and they'll start talking to you about 5%, 6% or 7%.
As soon as rates start to rise, shouldn't someone assess what's happening with those mortgages? We're creating demand. People still think they can pay by the month, not the total value. Shouldn't that be subject to greater oversight?