I don't think this is unique to CMHC. When you look at the whole mortgage market in Canada, there's been a very low level of arrears. The biggest factor that drives arrears is unemployment. To date, the employment situation in Canada is very strong.
I also want to highlight that arrears is a lagging indicator. What we often look at is arrears in the credit card book and other non-secured lending. Oftentimes, the arrears rates for those get higher before the mortgages do. We look at those on a regular basis. To date, Canadians are paying their bills.
We are vigilant. We don't have any immediate concerns about our mortgage book.