Thank you, Mr. Chair.
Gentlemen, it's a real pleasure for me to see you.
Mr. Collier, you have in front of you a huge fan of Toronto Pearson International Airport because I love airplanes and I love airports. I want to chat with you after, because it's not a topic for today, on how to deal with some problems we have in Montreal.
Gentlemen—Mr. Rodgers, Mr. Speer, Mr. Watt—I would like to ask you this question because you raised the issue of home ownership. I think it's quite important that we have strong policies for homeowners. In French we used to say:
“When construction rolls, everything rolls!”
You raised the issue. As you know, a few days ago the finance minister tabled new regulations for ownership. We all recognize there's a huge problem here in Toronto and in Vancouver, but our concern is that the new rules apply from coast to coast to coast. Especially in my own city, Quebec City, there is a drop in the prices of houses, so there is no housing crisis in Quebec City. Halifax is –5%. That's not the case in Toronto.
What I would like to know from you is what you think of the new regulations tabled by the Minister of Finance. Maybe we should start with Mr. Watt.