The Impact of Recent Policy Changes on the Canadian Mortgage Market

Olga Bilyk and Maria teNyenhuis

No 2018-35, Staff Analytical Notes from Bank of Canada

Abstract: Recent policy changes are having a clear impact on the mortgage market. The number of new highly indebted borrowers has fallen, and overall mortgage activity has slowed significantly. Tighter policies around mortgage qualification and higher interest rates are having a direct effect on the quality and quantity of credit. At the same time, provincial and municipal housing measures have weighed on housing activity and price growth in certain markets.

Keywords: Credit and credit aggregates; Financial Institutions; Interest rates; Recent economic and financial developments (search for similar items in EconPapers)
JEL-codes: D D1 E E4 G G2 G21 G28 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2018
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:18-35

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