That's a significant amount. I wouldn't have necessarily expected that, but that was helpful.
You indicated that there would be a demand response or that you expected a demand response. I'm trying to understand how this measure fits within a number of other measures that were brought forward by the previous government, the tax-free savings account, the cut to mortgage insurance, which I think was 25%, 30-year mortgages, the homebuyers' plan, which I think allows you to take a $35,000 withdrawal out of your RRSP to purchase a first home, and the first-time homebuyer's tax credit.
Have we done an analysis of how all these things add up for a first-time homebuyer? It seems to me that there's quite a significant number of cost savings. Obviously, a 30-year mortgage doesn't really save you money, but it does on a monthly payment basis, for sure. Have we done an analysis of how those in combination would amount to a significant amount of support? How significant would that be?
