Thank you.
I have one last question which is rather general so I would like quick answers if possible.
Mr. Albas and most of the MPs here, I believe, agree that there is not just one housing market in Canada, but many markets. I am referring to the various overheated markets. It seems the government's approach to addressing those markets has been to address all the markets at the same time, with everyone suffering the consequences.
We know that banks and by extension mortgages are under federal jurisdiction. Aside from the tax measures such as those proposed here, which could be applied province by province, how in your opinion can the provinces address their overheated markets locally? If the federal government has done all it can do, how can the provinces now step in, given that the measures are federal on the whole?