I just wanted to note, as has been noted by the Bank of Canada in its financial system review, that the level of vulnerability is rising rapidly and the number of borrowers who have levels of loan-to-income of over 450% has increased significantly across the country, particularly in the markets of Toronto and Vancouver. In supplement to the answer that was provided, it is an issue across the country, but it is also an important issue in those markets.
On February 13th, 2017. See this statement in context.