The Canadian Housing and Mortgage Markets Looking for Balance

The Canadian Housing and Mortgage Markets
Looking for Balance

In our latest consumer survey report – Looking for Balance in the Canadian Housing and Mortgage Markets – Mortgage Professionals Canada's Chief Economist, Will Dunning, reveals the impact and implications of evolving market conditions, and cautions against further tightening of mortgage lending and insurance policies.

Released today, the report indicates that a fine balance is required to maintain a healthy housing sector, which remains an essential driver in the Canadian economy. The survey data also reveals that there is no clear evidence of a widespread increase in risk-taking by borrowers or lenders, nor is there sufficient data to support proof that a housing bubble exists.

Earlier this month, we released our report on The Next Generation of Homebuyers, which delves into the behaviours and attitudes of future Canadian homebuyers, including sentiments that purchasing decisions are most influenced by economic confidence. 

 

*Source: Mortgage Pros Canada

Warren John

Warren John

REALTORĀ®
CENTURY 21 First Canadian Corp., Brokerage*
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