Since you're going to be passing it over, I will pass this secondary question to you, as well, then, if that goes fine.
Part of the issue is that you're going to be borrowing $1.25 billion dollars over three years to have this program work. We have people and economists stating—and this is a quote—“If this offer sounds too good to be true, that’s because it is. This is a subprime lending plan that ought to raise red flags with taxpayers, who backstop the CMHC.”
Can you share with me how CMHC is prepared to deal with this risk, as well as specifically the Toronto markets where the affordability issue is key? That's why we're finding this continuum having issues. As we move outside of the greater Toronto area, we see the home prices continue to go up. Share with me how the risk is going to be dealt with and how six homes in Toronto...how that's going to be inflated greatly under this program.