Thank you.
With regard to the credit unions, I grew up in northern British Columbia with Northern Savings Credit Union, a very local credit institution. We had the big banks there as well, which I later worked at for a number of years, and they were big participants in our local community organization.
I've heard a number of comments on the changes that were made in October and also a number of comments on risk sharing. I think risk-sharing credit unions, because they tend to operate in small rural towns, less-served areas versus urban areas, could have an impact potentially on rates for those customers in those areas, because in areas of Canada where economic growth maybe isn't as robust as, say, Toronto, you'll no longer have that cross-subsidization. You could have the impact on a first-time homebuyer in northern Manitoba and other areas—say, northern Ontario or Quebec—paying 30 or 40 or 50 basis points more than in other areas.
But there's one area that I think we also need to touch on, and this is my question for you. When a mortgage is in arrears, there's a large incentive for the insurers to work with the banks to keep the homeowner in the house. With risk sharing, I believe those dynamics change.
I'll go over to the credit union. I want you to comment on the competitive landscape and what you'd like to see going forward.