As my colleague just mentioned, we think targeted policies are always better. That's why we prefer macro-prudential policies, let's say, rather than monetary policy—a bit for the reason you highlighted. Monetary policy points would be a very blunt tool to deal with financial stability issues compared to more targeted policies of the form that have been introduced, and they quite clearly involve trade-offs. Again, in our monetary policy report of October we highlighted that the policy would have a negative impact on GDP growth potentially over the next two years, subtracting something like 0.3% from the level of GDP by the end of 2018. So it's something we're aware of.
As for whether it's one size fits all, again, as I said, in our financial system review, we've noted that the policy would have an impact not only in the GVA and the GTA, but also in other regions where consumer debt is very elevated. They buy it because of that, not only because of house prices. Because we've been concerned by household indebtedness, this is something we've highlighted in the FSR.