I can start. I'm Bob Dugan from CMHC.
You bring up some concerns that we share and things that we monitor very closely, in particular with respect to household debt.
We keep an eye on that because Canadian households do have a very high level of debt compared to those in many other countries. That is a vulnerability that can make us more susceptible to a downturn, so if some sort of shock leads to higher unemployment in Canada, the fact that we have a lot of household debt can make that downturn a lot more severe in Canada than it would be if household debt were lower. That's a concern we always share.
Luckily, with respect to mortgage defaults, so far arrears rates remain very low. I think the latest number is about 0.25%.