Thanks very much, Mr. Chair.
I'd like to start by sharing some new with the committee and with the witnesses that just came across my desk. Minister Ahmed Hussen, the Minister of Housing and Diversity and Inclusion, hosted a federal-provincial-territorial virtual meeting with provincial housing ministers from across Canada. All the ministers agreed that a strong partnership between the federal and provincial and territorial governments is crucial to ensure that all Canadians have a safe and affordable place to call home. I think this is very important, because it underlines something that I think some of our witnesses have spoken to, namely, the importance of the fact that this is a multi-jurisdictional challenge in all jurisdictions. Whether it be federal, provincial or municipal, they need to be working to address the challenge of housing affordability.
There is another piece of news that I think is really relevant. The minister spoke to the fact that he's looking forward to continuing these conversations at the national housing supply summit that the Government of Canada will be hosting next month in collaboration with the Federation of Canadian Municipalities. I know this has been spoken about before, but this is the first time I've heard that it's in fact happening next month. That's very exciting, because I think this is a very important part of making sure that all levels of government are working together to resolve the challenge of housing affordability.
I just wanted to underline that and to share that news with folks at home and members of the committee.
If I may, Ms. Bowers, I want to return to something that you were speaking about with my colleague Ms. Dzerowicz a little earlier. I think you shared this with Ms. Dzerowicz, but could you share again how the default rate on mortgages over the course of the pandemic has compared with prior years?