Thank you. That's very helpful.
Mr. Saretsky, I appreciate your expertise on the real estate sector. We've spent a lot of time talking about affordable housing in the last few days and we had some time with the Minister of Finance earlier this morning. We've tried a lot of things to deal with the affordability crisis. I think you're on the west coast, with the vacant homes tax, a speculation tax and a ban on foreign buyers, but some of the underlying fundamentals of the lending market have remained consistent, and one of those is low interest rates.
In your opinion, what is it going to take to affect the housing market most specifically and what are the risks that are growing in that market under the current structure?