Thank you, Mr. Chair.
Mr. Macdonald, I just want to come back to you to talk a little about housing. You mentioned earlier the role that escalating the required down payment might play in tempering the investment culture in the housing market.
I'm wondering if you've given some thought to whether CMHC mortgage insurance premiums might be different for people buying a residence as opposed to people buying an investment property. Also, do you have any suggestions for the committee on what public policy might be able to do to help combat inflation in rental prices?