Household balance sheets and mortgage payment shocks

Thomas Michael Pugh, Saarah Sheikh and Taylor Webley

No 2025-23, Staff Analytical Notes from Bank of Canada

Abstract: Household savings in Canada have increased significantly since 2019, especially among homeowners without a mortgage. We assess how savings buffers can mitigate households’ financial risk in relation to asset repricing, mortgage payment renewal and unemployment.

Keywords: Credit and credit aggregates; Financial stability; Housing; Recent economic and financial developments (search for similar items in EconPapers)
JEL-codes: D3 D31 E2 E21 G5 G51 (search for similar items in EconPapers)
Date: 2025-10
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:25-23

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