Finance committee  My comment about investing or reinvesting in a property is related to the fact that the government would share in the equity if you wanted to do a refinance, add a basement suite or do some landscaping of the property. It's not yet known whether any of those investments back into

Finance committee  We don't see any change in price for an individual who would take advantage of that program or for someone who wouldn't take advantage of that program. We don't see any pricing advantage for doing so. I could say that current interest rates in our environment on a five-year insur

Finance committee  I think the potential exists that it would dissuade homeowners from investing in their properties. If the government is sharing in the gains of that property but is not sharing in the cost of renovations or landscaping or such, it might have a knock-on effect there as well.

Finance committee  As I mentioned in my remarks, just the IT infrastructure piece of this is very concerning for the lending community. As we sit here in mid-May, we don't have the fine details needed to even start the work on the IT infrastructure and to get the program off the floor in September.

Finance committee  Absolutely. As soon as you start to reduce the amount of lead time for an IT project, it significantly impacts the costs for just the IT measure, along with all the other requirements for the program, which of course we don't know yet.

Finance committee  Thanks, Paul. In our view, the new program is an academic approach to solving a problem that, based on precedence, is expected to have limited uptake. For comparison purposes, the concept behind the federal program will be familiar to B.C. legislators. The B.C. homeowner mortgag