Thanks, Mr. Fast. It's an important question.
Most certainly this is something the Bank spends time thinking about and it's part of how we look at the effect of our monetary policy decisions on the Canadian economy.
A back-of-the-napkin calculation on today's interest rate announcement, for example, would be about $12 on $100,000 of mortgage debt. There are lots of assumptions in that calculation: the term and the rate on the mortgage.
What's important to know about mortgages, though, is most mortgages, even variable rate mortgages, in Canada have fixed-rate payments, so there isn't an immediate change to payments. There is a change to the portion of the payment that's going to principal. It will take longer to pay down the mortgage. We acknowledge that. It's certainly a more indebted economy.