Thank you, Mr. Chair, and thank you to all the witnesses for fascinating testimony on a wide variety of subjects.
Mr. Hume, if I can begin with you, in September the federal government announced it will increase the cap on insured mortgages to $1.5 million from $1 million, effective December 15. In addition, purchasers will be able to take out loans for a 30-year period if they are first-time homebuyers or if they're buying a newly built house.
In your view, what impact will these measures have on housing prices?