That's a very thoughtful question because the seven-year and the ten-year mortgages have existed in Canada for a fairly significant period of time. In my background and experience, we have only seen modest uptake of that seven and ten year historically. It's largely in eastern Canada and more rural markets of the country, perhaps. I think it's an absolutely fair question.
Perhaps some of it is just consumer behaviour and consumer comfort that the five-year fixed-term product historically, as it relates to first-time homebuyers, sir, has always represented somewhere in that 70% to 80% range. In fact, 85% of our portfolio is in the five-year term.
I think there should be more emphasis placed on how we can expand beyond the five years to give that longer certainty of payments for borrowers. By and large, that's going to have to be a lender-driven initiative as opposed to a mortgage default insurer initiative.