Thank you, Chair.
Thank you, Governor.
I'm a member of Parliament from British Columbia, and as you may appreciate, B.C. has been flooded with foreign investment, particularly in the housing sector, to the tune of almost a billion a month. That's the number that was recorded before. There are now several federal and provincial measures designed to slow the rapid rise in home prices. I'm wondering how the adverse effect of that starts slowing things down. It seems that it's having some effect but not as much as it has had in Toronto.
Would there be an economic impact in terms of job losses in the construction sector and related fields outside of that, or is the demand so exceeded that it will actually bring an equilibrium?