Mr. Speaker, I really do not know where the hon. member gets her theoretical facts.
What has happened in Canada is that we have had a solid housing market. We have not had the kinds of difficulties, thank goodness, that the United States, Ireland and other countries have had.
Why is that so? It is because we have a well run system, because we have mortgages with recourse, because we reduced amortization periods. It is because we watch the system and when intervention is necessary, we intervene, as we have done three times in the last three years.