It's certainly a risk. A lot of these households are going to have to dedicate more of their income to paying those debt service costs.
I've been answering this, so I don't know if the Department of Finance wants to weigh in with anything on that.
On September 28th, 2023. See this statement in context.
September 28th, 2023 / 12:15 p.m.
Chief Economist, Canada Mortgage and Housing Corporation
It's certainly a risk. A lot of these households are going to have to dedicate more of their income to paying those debt service costs.
I've been answering this, so I don't know if the Department of Finance wants to weigh in with anything on that.
See context to find out what was said next.