"I think we're going to have floating rates [stress-tested at] very close to 10 percent - I think people will be writing mortgages [at]… you've got to believe they're going to have a 7 in front of them."
"I think what you'll see over the next 12 months is the freeze frame in terms of building and new supply coming on the market."
Next year was set to be a tough year for the economy. "It's going to get worse"