Thank you, Mr. Chair.
Thank you for coming today. We really appreciate it.
I think the quintessential question for the government, the finance department, and most of the people involved is the balance between stabilizing the housing market and making sure that Canadians have confidence in the housing market, and then making sure that there's access to housing. A lot of the testimony we heard was that you're over-regulating. But then I go back to 2008 and the lessons learned in the United States, and say that a lot of Americans probably would have appreciated a little bit of regulation then, because when it unravelled, it unravelled so quickly.
My colleague spoke about data, and we asked a lot of questions on the data that's being looked at to come up with policy recommendations. We do have concerns with the data elements.
Can you please speak again in depth on what you think the government should be looking at right now, because in your testimony today you said you're still looking at the housing market? What indicators are you guys looking at? What do you guys think is the best way to judge if we have a stable housing market in Canada?