Thank you, Mr. Chair.
I want to thank the witnesses here today for this key study of a crisis that affects so many people in all our constituencies.
Mr. Hogue, in your recent study on the affordability of the real estate market, you emphasized that high interest rates were affecting home ownership and sometimes even retention. We can't just look at individual cases. However, people we know in British Columbia have seen their mortgages increase by $2,600 a month, bringing their monthly payment to $6,000.
From a broader perspective that covers more than an individual, a household, a family or an area, I want you to tell the committee how the high interest rates are affecting Quebec and Canadian families.