Read the following news clips and then answer the question. "The Canadian economy started off the year with a remarkable recovery from the COVID pandemic, but heading into 2023, high interest rates are expected to take a significant toll." Source: CTV News, December 23, 2022 "Canada's housing market will return to 'balance' in 2023, Re/Max forecasts." Source: Global News, November 29, 2022. You were considering purchasing a home which would have required you to borrow from a financial institution. As a Conestoga College microeconomics student, use the market model of supply and demand to explain the impact of higher interest rates, ceteris paribus, on the Canadian housing market.