Thank you, Chair, and welcome to all the witnesses.
I will start off with Mortgage Professionals Canada.
It's great to have you with us this evening. I've interacted with your organization for a number of years.
One of the changes that we brought forward with regard to Canada's mortgage market dealt with the stress test. There had been a stress test for insured and uninsured mortgages. With the ones for insured mortgages, upon renewal you did not have to undertake the stress test as a borrower. For uninsured mortgages, that was not the case.
I believe that the change we made greatly enhances competition and choice for consumers.
I want to hear your thoughts on that change and the other changes that we have made with regard to the mortgage market, please.