Thank you, Mr. Chair. It's nice to have you chairing the committee.
Mr. Poloz and Ms. Wilkins, thank you both for your presentation. My question has to do with housing, which is very important to the people in my riding and, of course, the Canadian economy as a whole.
You said you were in the midst of assessing Canada's housing market, particularly as regards mortgage rates. Could you elaborate on how higher interest rates could affect Canada's housing market in the short and medium terms?