Thank you, Mr. Chair.
I want to thank the parliamentary secretary and the officials for coming today. Certainly, I've been in your seat before working as a parliamentary secretary and carrying water for my minister. Obviously, you weren't there for these changes, so I can't hold you accountable for them, but I can hold you accountable for what you've said.
The president of CMHC just said that the changes that were brought in on October 3 were not in response to Toronto's and Vancouver's housing markets. You, in your opening statements, have said otherwise. Who's right?