If there is no relief, I think you'll see some continued challenges across the country in many places. If there is no relief, the 30% drop in first-time homebuyers we've seen over the past year will continue. Things like 30-year amortization and the stress test can be adjusted at any time. They don't require a budget. That could still happen in the short term. Certainly we know that it will be an election issue, because millennials are the largest voting bloc and this is their number one concern. There's lots of time for all parties to include these types of measures in their platforms, but we would certainly want to see that change now and not have to wait till October and an election.
On March 19th, 2019. See this statement in context.