I don't know either, Mr. Chair, but I do appreciate that you looked to me.
Thank you, Mr. Chair. I will ask Mr. Brun my questions.
With regard to the mortgage qualification changes, I've had a number of people in Summerland and West Kelowna comment that they feel let down because it feels as though the goal has been pushed further back. They think the reason for that, for why they don't qualify and they have to save money, is that the government sought to make changes to the whole country really based on what it felt were two very hot markets: Toronto and Vancouver.
We all want to help people. We all want to manage the economy well. I appreciate your comment that you support that, but I also get the sense that you want these changes to be digested before the government considers more actions, particularly after British Columbia introduced a new tax that seemed to actually alleviate a lot of the concerns.
This change really tamps down demand, but it also has a negative consequence in that it tamps down demand right across the country. Is that correct?