In Canada, we have among the highest home ownership rates in the world, at about 69%. Indeed, as you suggest, home ownership is well correlated with various social outcomes, including forced savings, retirement wealth, etc.
We took as quite instructive the research being done by the Bank of Canada that the number of people who had very high credit scores and were entering the housing market had grown from 4% of people who were indebted to 8%.
First-time homebuyers in particular tend to be substantially.... I think they have 90% plus mortgage debt as opposed to other sources of debt because they're quite stressed. We were concerned about their ability to afford their homes. I don't think we were thinking for them, with respect; I think we were very much thinking of them.