Low interest rates have resulted in homebuyers having a much stronger personal balance sheet, and from the pandemic itself with the change to hybrid work from home.
If I could provide any perspective to your consultations, my last two comments are to avoid arbitrarily decreasing mortgage insurance premium rates, and to increase and index the current $1-million purchase price cap on insured mortgages to reflect the substantial increase since 2012.
That concludes my comments. I apologize for going over time.