Okay. Thank you very much for that.
As I say, it's not a space I know very well. I think I'm not alone in that, for folks listening across the country. I just wanted to make sure that I had understood your comments properly.
I think Mr. Levings was just speaking a little bit about five-year terms and the effect of people who locked-in five years ago now looking at renewing around rates that are, for the moment, comparable. I am curious to know if you can speak a little bit to the effect of rising interest rates. At what point do you think a higher interest rate would begin to show serious effects, either within your own business or more generally within the Canadian economy, for folks struggling to be able to make their payments and maintain their mortgage?