Thank you, Mr. Chair.
Thank you to the witnesses for coming today.
I've heard the word “pause” a bunch of times. I've heard that the government should pause and see the impact of the regulations. Thank you for making that so abundantly clear. I couldn't agree with you more that we should pause, because I think we're at a sensitive place in our housing market. There's regulation, which I think protects Canadians, but we also don't want to over-regulate this market, which would have negative economic consequences.
I want to get more information on the default rate. A few of you commented on the default rate and said that it's historically low. How does it compare to that of other countries, if you have that data? If you don't, it's okay.