Thank you.
I'll come back to you, Minister Hussen, on the first-time homebuyer incentive.
CMHC was expecting 20,000 borrowers in the first six months of the original program, yet only a quarter of those estimates have actually been approved for funding in the first seven months. This failure has proven that a shared equity mortgage is not what prospective homebuyers want. I understand in the recent economic statement that your government doubled down on the program.
Do you expect the amended incentive to perform better in Toronto, Vancouver and Victoria? What metrics will you be using to determine the success of this program or whether it should be cancelled?