I'm sorry, but I will have to speak in English.
I'd say it is the question that is on everybody's mind these days. You can't open a newspaper without seeing something about housing.
What I would say is this. I'm going to answer your question in a bit of a roundabout way, but I'll come very specifically to the answer. The housing market, the mortgage market, in Canada is an extraordinarily complex one, as you know. There's no one mortgage market. There are a range of factors going into affordability. The key thing that we look for, and we looked for it when the previous government made a series of changes and we looked for it when the current government turned its mind to these issues, is the balance between the goal, if it is to maybe slow things down, take a bit of the heat off, and maybe spread out the risk a bit, on the one hand, and not damaging the vitality of the marketplace, on the other hand. Therefore, what we look for are targeted, incremental, step by step....
Now, every bank is going to have their own portfolio. Every bank will have their own relations with customers. From what we have seen so far, the reaction my bankers express to me is, “Let us see how this current set of changes”—the stress test that you mentioned, the portfolio test, the changes in down payments that were made last December—“work through the marketplace before we contemplate any further changes”.
I think where most people are focused is the impact on those first-time customers.