Thanks very much, Chair.
Thank you to all for being here today.
One thing I hear about from my constituents in Etobicoke Centre is how rising interest rates are impacting their mortgage servicing costs. I think the biggest fear.... There's going to be an increase in interest costs, and people are going to have to pay if they have a variable rate mortgage, but then there's the concern about the worst-case outcome, which is delinquencies—people not being able to pay their mortgages, people having to sell their homes and things like that.
Have we seen an increase in delinquencies since interest rates started climbing?