Mr. Speaker, Canadians value their homes. They like to invest in their homes. It is the most important investment that most Canadians will ever make in their lives. With interest rates being where they are, we are pleased that they have been able to afford more in the way of housing.
Having said that, we have tightened the market with respect to residential insurance four times because of excessive demand and some price spirals that we saw in certain markets, particularly condo markets in Vancouver and Toronto.