You've got the dynamic exactly right. The idea is that we hold payments constant, extend the amortization, and today we have a number of banks that have up to 20% of their mortgage book that is negatively amortizing.
The Bank of Canada has done good work on this. They found that if we roll the clock forward to 2024-25 and we look at rates where they are currently, a number of households will be facing 40% to 50% payment increases. That will just be unmanageable for some cohorts.
I'll stop there.