RE:RBCThx for posting. That said, I disagree with RBC. Canadian demographics haven't changed, nor has housing unaffordability. The trend for many years now has been toward more people renting, similar to many European countries where cost of ownershipis exorbitant. CAD government is handing out money, allowing people to pay rent. Seems that the target reduction is entirely owing to a 'significant' increase in bad debt for 2020. But then RBC says there will be a 'dramatic' decrease in bad debt for 2021. And 'de minimus' bad debt in 2022. In essence, they are saying that the remainder of 2020 will be a rough patch then MI will recover. So if the good times are not that far out (2021), then I would argue that now is the time to accumulate and wait for the sp run up. CAR and BEI both have run up more than MI this week. I fully expect MI to catch up to their peers in sp performance. Extremely well managed organization, high quality properties, and growth remains an objective.