The debt levels are extremely high, but one thing we haven't mentioned yet is that about 22% of all mortgages are variable-rate mortgages. The balance of five-year-term mortgages come due in the next one, two, three or four years. They will all be reset at much higher rates. That is going to be a very interesting challenge for the banking industry and for the people who have those mortgages.
On March 28th, 2022. See this statement in context.