I assure the member that authorities—the bank, the superintendent, CMHC, and the Government of Canada—are cooperating closely and monitoring the situation. As I referred to in my earlier remarks, a number of measures have been taken, both by the superintendent and by the government. We have a heightened vigilance with the underwriting practices of the banks, so on the supply side there's a variety of measures that have been taken and are resulting in the slowing of the accumulation.
There's always more that could potentially be done, but with these measures there has to be an element of prudence in balancing the pace of the slowing of this phenomenon with the underlying growth of the economy. Now, the housing sector is an important part of the economy; it's not the most important part of the economy. Our focus is on ensuring that this is a sustainable development in the housing sector going forward.
The combination of measures that have been taken, and a clear-eyed perspective of Canadians—which I think they have—that we are in exceptional circumstances in terms of interest rates and we won't always be in those exceptional circumstances, will do much to manage the issue.