That's essentially it, bearing in mind that our narrative is primarily around the growth of the economy, rather than the levels. In the back of that is a strong sense that the fundamentals of the housing market remain very solid, that demand will remain solid through this, and that higher interest rates and the new B-20 are going to slow that growth rate, although it won't cause a permanent decline in that growth. It's a moderation as we go through, and a smaller contribution to GDP than what we saw during the very low interest rate period.
On April 23rd, 2018. See this statement in context.