The Housing Market in the US and Canada Is on a Downward Slide

The housing market in the US and Canada, same thing in Australia, went through the roof over the last two years. A meaningful double digit percentage of Canadians who have mortgages are now at what they call the trigger point, where they're no longer paying principal. For a lot of emerging gen Z or gen Z or millennials, they are increasingly walking into a significant amount of debt. There's a finite point that this starts to run out and everything starts to come together.