Thank you very much, Mr. Chair.
Thank you to our witnesses for being here today.
This is an important study for our committee. There's been 85% inflation in the housing market since 2015. As my colleague mentioned, Bloomberg ranks Canada as having the second most inflated housing bubble in the world. Housing now takes up about two-thirds of a family's gross income.
My first question would be for Mr. Routledge. Have you raised concerns with or warnings to the Department of Finance, in particular to the minister, about vulnerabilities in the financial system from an overheated housing market?