Yes, the Canadian state, the Canadian government, provides very substantial support in the housing market. I suspect it's close to, if not at the world peak in several programs. First of all, mortgage loan insurance is about $1 trillion of government guarantees. The homebuyers' plan is a federal program that allows first-time homebuyers to withdraw up to $25,000 from their RRSPs. There are also provincial and municipal policies that offer further support. The capital gains exemption on one's principal residence is a further form of support. Then finally, our securitization programs allow constant funding for people in the mortgage business. We're quite active in the housing market.
The concern is, as I said about removing the punch bowl, that the consequences can be quite significant. It's not just a housing adjustment and people losing their homes; it's people losing their homes because of unemployment. If I'm in a position where I have too much debt and I don't buy a car, then somebody who works at a plant in Oshawa may lose their job. That's the direct economic consequence of having too much indebtedness in an economy, people don't have degrees of freedom.