Mr. Speaker, I am well aware of the history of amortized mortgages and that is why our government and the finance minister recognized early on that the recession was actually going to take hold in a number of areas in the world where the housing market was going to be responsible for a significant decline. Thanks to the finance minister of the Conservative government, the amortized time period was, in fact, reduced a first time to 35 years, then again to 30 years.
A number of other measures have been taken to ensure that fixed mortgage rates are sustainable and achievable. We are going to continue to take care of Canadians in the housing market area. We are going to have some significant oversight thanks to this bill.