Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Bank of Canada warns of growing mortgage risks as home prices soar Add to ...

Subscribers Only

Canada’s central bank is warning about “increased riskiness” in the mortgage industry as buyers, particularly in Toronto and Vancouver, stretch themselves financially to get a foothold in the housing market.

The share of new mortgages that topped 450 per cent of a borrower’s income hit 15 per cent last year, up from 12 per cent a year earlier, the Bank of Canada said in its financial system review.

Report Typo/Error

Follow us on Twitter: @dberman_ROB, @tamsinrm

Also on The Globe and Mail

BoC's Poloz warns of potential downturn in Toronto, Vancouver housing markets (The Globe and Mail)

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular