Thank you very much.
I would say that the larger issue for us, as house prices increase—and they've increased significantly—is the $1-million purchase price maximum, which restricts the mortgage default insurance from supporting first-time homebuyers' access in Canada's larger urban markets, where there's been a strong level of appreciation.
If I were to go back a decade ago, the percentage of insured volumes in Canada, as a proxy for first-time homebuyers, was closer to 40%. You see today that our role is really becoming much more narrow to about 15% to 20% at the high end, but likely closer to 15%. Our overall role, if you will, is starting to become more moderate because of that $1-million purchase-price maximum, sir.