Right now, and correct me if I'm wrong, as I could be wrong because I haven't dealt with a transaction since I was elected, but I was a corporate lawyer, when you provide the bank with a notice of assessment, they take it for what it is on paper. They don't pick up the phone and call the CRA to double-check that income. I've heard of and seen fraudulent NOAs out there, and I think if there is a risk to the housing market that is a real risk to banks. This may not have a major impact, but there will definitely be an impact. I'd suggest that all of you look into this.
Thank you so much.