Here are a couple of options. If they're concerned about too much liquidity in the marketplace, how about increasing the qualifying rate and the 70% of the market that is conventional mortgages below 80%. If you want to reduce liquidity in the marketplace, what about increasing the down payment that people have to have on conventional mortgages? Certainly that was the case prior to 2007 in the last amendments in the Bank Act. That would be one option.
Certainly taking away the ability of Canadians to have other options is very anti-competitive and doesn't help Canadians achieve their dreams of home ownership.
Those are a couple of options.