Thank you, Mr. Chair.
Thank you to the guests.
I'm from Surrey, British Columbia. My riding is heavily dependent on the construction sector. Real estate is hot in British Columbia, as we all know, so this is a very important and dear subject to me.
My question is to Mr. Charles first. Of the CMHC-backed mortgages or insured mortgages, what is the percentage of first-time homeowners and what is the percentage of repeat homeowners, people who are buying their second or third home but still have to get it insured?