I think, frankly, that the changes that were made to the stress test are essential to maintaining an open market, which allows mortgage renewers to shop around for better rates and better conditions when their term is up. It doesn't keep them held hostage to the lender that they're currently with.
Frankly, we're not in the same situation as we were during the 2008-2009 financial crisis. The economic climate has evolved. Current conditions didn't justify those overly restrictive stress test rules, so we were very grateful to see those changes made.
We believe that stress test rules should be reviewed at the time of renewal to ensure that homeowners are not unduly penalized and can access those competitive rates in a competitive market. I think maintaining flexibility in the market for renewers is vital. It's vital for fostering a competitive mortgage environment and it's vital for fostering an environment that will benefit consumers and Canadians across the country.