How long do you think you should monitor the new policies?
I'll give you an example. British Columbia implemented a 15% foreign buyer tax around six months ago, and already they're amending it to allow people with work permits to be exempt from that 15% foreign tax.
I'm just wondering. They seem to be very knee-jerk in reacting and then very quickly falling back, or is it a test of how the economy is going? What are the tests or metrics we should use to monitor the current mortgage rules, particularly stress tests?