Mr. Richie Boucher:

We see a market demand for it. We do not associate the two. Strange though it may seem, it can be self-fulfilling for property values. If the market is completely frozen, there is uncertainty in property values. The more liquidity is in the market, the more we have certainty about our provisioning and our comfort levels. I do not think there is an association.

We do see that there is a business opportunity for us in providing money to housing finance. Our biggest single issue is the customer's ability to provide equity. For example, we will provide about 60% of site finance and about 70% to 75% of the working capital for the development. Then, by definition, the customer has to produce equity.