Mr. Speaker, we watch and we monitor the residential housing market carefully, which is why we have intervened four times during the course of the last four years.
Canadians have shown some moderation, in particular in some of the more volatile markets in Vancouver and in Toronto in the condo markets. We have seen some welcome moderation. This is good. This is the kind of thing that we were hoping would result from that actions taken not only by the Government of Canada but also by the Superintendent of Financial Institutions.