Canada’s coming mortgage renewal wave is emerging as a major household affordability challenge, with many borrowers facing limited room to absorb higher payments, even as confidence in the value of homeownership remains resilient, according to new consumer research from Mortgage Professionals Canada. The new Mortgage Professionals Canada report, based on consumer survey research conducted by…
You’ve found your dream home: the perfect neighborhood, great schools, a beautiful kitchen, spacious rooms, ideal square footage. When you go to put in an offer, you realize that it’s not only your dream home but someone else’s as well. The seller now has two offers. Scenario #1: You already have a pre-approval letter in…
Canadians are increasingly struggling to keep up with their mortgages, especially in high-priced Ontario and British Columbia markets, a new report says. Equifax Canada’s Market Pulse report, published Tuesday, said mortgage delinquency balances were up 32% nationally in the first quarter compared with the same period last year, with Ontario and British Columbia leading provinces…
Rising housing costs are leading to an increasing share of first‑time homebuyers seeking financial support from their parents. Specifically, Canada has experienced a noticeable rise in instances of parents co‑signing mortgages with their adult children. This practice allows buyers to purchase more expensive homes—but it can also make both parties vulnerable to financial disruptions. Over…
The Bank of Canada held its policy rate at 2.25%, but its April Monetary Policy Report put housing and a buildup of small condos at the centre of a weaker growth story for the next two years. Against a backdrop of US tariffs, trade uncertainty and the war in the Middle East, the central bank said residential real estate has…
Canadian households entered 2026 still spending, but they pulled back on the parts of the economy tied most closely to the housing market. TD Economics’ latest card‑spending report showed that overall consumer outlays softened in January before stabilizing in February, with real spending in the first quarter tracking at about a 1.2% annualized pace. However,…
As the Iran war raises oil and energy prices around the world, some experts are warning that additional stress may be on the way for Canadians looking to renew their mortgages this year. The country is in the middle of a mortgage renewal wave, with the Canada Mortgage and Housing Corporation estimating that at least 1.5 million households had…
A recently released Bank of Canada report states that there are “three key patterns” to Canadians’ path to mortgage delinquency. It comes as national mortgage debt continues to increase and as the cost of living continues to bite into consumer bank accounts. As of November 2025, the report states that outstanding residential mortgage debt in Canada reached…
The US Supreme Court’s decision to strike down a large portion of Donald Trump’s tariffs last week doesn’t seem likely to change the picture much for Canada when it comes to the ongoing trade war. But that tariff dispute, which has proven hugely impactful on the national housing market and homebuyer confidence, could face a day of…
Building your own home or buying one from a custom builder will likely require taking out a construction mortgage. Construction mortgage loans are an entirely different ball game than typical residential mortgages. Before you take a swing at building your own home, it’s important to know the rules. What is a construction mortgage? A construction…
