Finance committee  I imagine the banks would have it. If I understand your question, you're looking to determine the usage of RSP programs for down payments and whether they're being used for a primary residence or second houses. Is that right?

Finance committee  I think it's the banks that have to track that information. They would have it. It's not a question that's necessarily pertinent to our prudential mandate. I can ask at the office to see if it's data that we have, but I suspect not.

Finance committee  It's not my understanding that the rules will preclude mortgage finance companies from doing renewals. What the rules do is they reprice portfolio insurance. That is how some of the mortgage finance companies fund their mortgages. For finance companies that don't have their own b

Finance committee  I think 80% of the mortgages originating in Canada end up on the balance sheets of banks under OSFI supervision, the larger banks. What Dominion Lending Centres is describing is the origination of mortgages. There's a difference between who originates a mortgage and who ultimatel

Finance committee  What I would add is in relation to your comment about the nature of our regional markets. I would say that the policies that OSFI has introduced around residential mortgage lending are regionally neutral. A good loan is a good loan regardless of where it's written. It has appropr

Finance committee  Thank you, Mr. Chair. Thank you, on behalf of the superintendent and the rest of my colleagues at OSFI, for the invitation to be here today. The health of the housing sector is important to the Canadian economy and to the health of Canada's financial sector, and we welcome the