Thank you for that. I do appreciate that, and especially for getting that on the record.
The second question I have has to do with the witness testimony from CMHC, from Mr. Siddall. The measures that were taken on October 3 were measures that seemed to me would try to mitigate the risk of what Alan Greenspan called back in the 1990s the “irrational exuberance” of the market.
Do you feel that these measures are accomplishing that goal? What type of data would you need to reassure you that you've met that goal and that other policy tools would or would not be needed?