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…
For buyers, sellers and those renewing their mortgage at the start of 2026, Canada’s housing market faces a very different interest rate environment compared to a year ago, with economists in general agreement that the Bank of Canada (BoC) will likely stay in a holding pattern. “We don’t see the Bank of Canada moving at…
When the Bank of Canada (BoC) makes interest rate cuts, variable rate mortgage pricing typically moves, too.That’s because the central bank’s benchmark rate influences the interest rates that banks charge on variable rate mortgages, such as the TD Prime Rate, which impacts the interest rates on loans such as variable rate mortgages and home equity…
More Canadians jumped into variable mortgages in 2025 to take advantage of their lower rates, but doing so in 2026 might prove perilous, according to Desjardins. “The recent enthusiasm for variable-rate mortgages may wane in 2026, especially if borrowers start anticipating new rate increases,” Hendrix Vachon, principal economist at Desjardins, said in a report. Canadians have…
