I'll give a very short answer. I think you have to get the data on this, the empirical data, to definitively answer what percentage of Canadians are downsizing or converting their home equity into retirement savings. Right now we're all talking about it, but we don't have hard data. That's what I'm doing research on, but there are also others doing research on this. Your committee needs that information. I think that many pension experts underestimate—that's my theory, my hypothesis—the value or utility of home ownership in terms of pensionable earnings upon retirement.
On April 15th, 2010. See this statement in context.