Mr. Seamus Coffey:

It is not within our mandate to comment on the structure of the housing system. It is something that we have discussed and that we look at but the structure of our housing system is something for others to propose and assess.

On the rainy day fund and issues that we have with provision of public services and supports in housing and health and so on, our view is that it is not an either-or choice. They are not mutually exclusive; one can do both. One can generate the additional resources needed for health and housing and have appropriate counter-cyclical fiscal policy.