Thank you, Mr. Chair.
Thank you again to all of our witnesses here today.
I'm becoming very concerned because obviously GDP isn't where we'd like it, and we have seen a lot of the forecasts downsize in many different respects. Thirteen percent of GDP in Canada is related to housing, so I think it's important for Canadians to know that when the government adopts a new policy or is looking to adopt a new policy as well, it could have severe limitations or implications for them. For example, from the previous October announcement and the implementation of the policy, things have been taken away. Options have been limited to Canadians.
Let's start with amortization. Some might ask, “Shouldn't amortizations be at a maximum of 25 years?” Mr. Lloyd, you work in Vancouver and the metro Vancouver region, what do you have to say on 25-year amortizations and 30-year amortizations?