I have one final question about the overall direction of government policy with respect to CMHC. It has been the objective of the federal government for roughly the last 10 years—maybe a little shorter, nine years—to de-risk CMHC, de-risk the taxpayer and put the risk in the hands of the banks who profit from the mortgages, thereby matching profit with risk, a basic market principle. CMHC has been diligent in trying to achieve that goal. Does it not seem like it puts us at cross-purposes to increase CMHC's risk and the amount of skin the Canadian taxpayer has in the property game?
On May 6th, 2019. See this statement in context.