Mr. Speaker, once again to put this in context, Canadians have been borrowing and have been expanding their holdings of housing because they have felt very confident about their financial futures. That is not surprising, given the relatively strong performance of the Canadian economy coming out of the recent recession, and obviously combined with low interest rates.
That said, the Bank of Canada and the Government of Canada have expressed concerns about the exposure of some households. That is why we have taken particular action on a range of mortgage rules to ensure that the sustainability of our household sector continues long into the future.