I can only speak about the mortgages on CMHC's books. We are a mortgage insurer. We have a pretty good sense of the state of the mortgage market by monitoring our balance sheet. We're very conscious of the impact that high interest rates are having on Canadians.
Right now, we are looking at the highest-risk mortgages in our book. It's about 2% of our mortgage book. About 6,000 households are impacted. We feel they're at the greatest exposure for loss, but we don't think there will be defaults unless there is a large spike in unemployment. Our arrears are at historic lows. As long as the employment picture is strong, we do not anticipate defaults.