Thank you, Mr. Chair.
Thank you to all the witnesses for being here today My first questions are for Ms. Zlatkin.
Ms. Zlatkin, insured mortgages only apply when a homebuyer puts less than 20% of a home's purchase price down up front and when the property is valued at less than one million dollars.
In your experience in your mortgage broker firm, in the current housing market in our major population centres like Toronto and Vancouver, are you seeing a lot of new homes come into the market with a value of less than a million dollars?