Thank you, Mr. Chair. A gradual increase, perhaps, would have been sensible if it had been raised every year, but it hasn't been. It hasn't been raised for many years, and going back to the example I gave, on a $400,000 purchase, $300,000 mortgage, $350 is not a terribly significant sum.
As I say, the banks have raised their rates. If they raise their rates 1 percent on a $300,000 mortgage, that will cost you $15,000 over the five years. $350? I think that is an entirely justifiable increase, far less than we had originally contemplated. We heard from the people, we heard from the Members, and therefore, we came back with what I submit is a reasonable increase. Thank you.