Different organizations have estimated a different impact for shared equity mortgages. I took the average price of a home in Canada, $472,000, which paints an inelegant picture. The government set aside $1.25 billion for these shared equity mortgages, and if I just assume no new homes, just the current existing product at 5%, I only arrive at about 52,000 people that this could help, but the government is claiming it's 100,000.
You've said you think it could help 100,000 people. It just so happens that 100,000 is the number that was used by Mortgage Professionals Canada and other organizations on what they estimated was the impact of B-20. Could you explain how these numbers are working out? You mentioned 100,000 for shared equity mortgages, but the math just doesn't make sense.