Thank you.
We had CMHC testify at this committee, and it was suggested that CMHC is trying to grow its market share from somewhere in the 30th percentile to somewhere between 40% and 50%.
I look for a comment from both witnesses on this. Is there part of the market that CMHC serves that you don't serve and that makes sense? How does it work competing against a government-funded agency that all of a sudden has decided to change its strategy yet again and grow its market share when it was actually trying to reduce its size over time?