Thank you, Mr. Chair.
First of all, I want to apologize sincerely to Ms. Dzerowicz. I was sitting close to the witnesses and chatting with Mr. Blaikie while listening to what was being said. I'm really sorry, and I assure you I will pay closer attention in future.
Mr. Emde, since I have only two and a half minutes of speaking time, I'm going to ask you some questions in quick succession.
Given rising interest rates, do you anticipate a drop in real estate prices, in the purchase of housing units, for example, including houses and condos, among other things? If so, how will that break down. What kinds of models do you expect?
Do you have an estimate of the number of personal bankruptcies that might result from rising mortgage costs and inflation.
Thank you.
My apologies once again, Ms. Dzerowicz.