Reports

This is where you will find the latest data from industry surveys or research reports that provide insight in today’s mortgage market and its consumers.

Youngest households reduce mortgage debt

Under-35 households lead the way in reducing mortgage debt, StatCan reports

January 25, 2024 1 Comment

Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

Despite the BoC’s growth outlook, Canadians are bracing for recession: TransUnion

July 12, 2023 No Comments

While the Bank of Canada’s latest growth forecasts remain positive for the year ahead, Canadians aren’t taking any chances.

Housing affordability eased slightly in Q1, but “incredibly challenging” conditions persist: RBC

July 4, 2023 No Comments

The Bank of Canada’s temporary rate pause in the first half of the year helped ease affordability in the first quarter, but only nominally.

Canadian covered bonds retain high ratings despite market conditions: Fitch

June 22, 2023 No Comments

With the current combination of high interest rates, inflationary pressures, and higher mortgage payments, one would expect Canada’s structured bonds to decline in rating.

Rents decline for third straight month, but remain 10% higher than last year

March 14, 2023 No Comments

Average rents in Canada may have declines for the third consecutive month, but they still remain 9.7% higher compared to a year ago.

Mortgage debt taking up a record share of income

March 14, 2023 No Comments

Borrowers are now spending roughly $1 out of every $13 of their disposable income on servicing their mortgages. That’s according to Statistics Canada’s fourth-quarter national

“Explosive” job growth raises the likelihood of another rate hike

January 8, 2023 2 Comments

Job growth is usually celebrated as a sign of a strong economy, but it’s not the kind of thing the Bank of Canada wants to see as it struggles to bring down inflation.

Mortgage borrowers worried about rising payments at renewal

Over half of mortgage borrowers concerned about renewals

October 31, 2022 No Comments

A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time.

Nearly a third of young Canadians have put their home-buying plans on hold

October 3, 2022 No Comments

Rising interest rates and the overall higher cost of living are causing a large number of Canadians to postpone their homebuying plans.

A soft landing for Canada is becoming a “distant prospect”

September 13, 2022 No Comments

Prospects for the Bank of Canada’s desired “Goldilocks” outcome of a soft landing for Canada’s economy is growing dimmer, according to a new report from RBC.

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