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The nearly completed Rolston high-rise in Vancouver June 26, 2013. Rize Alliance Properties Ltd. is offering 5 per cent down and $1,000 off monthly mortgage payments for a year on its downtown Rolston project.
The nearly completed Rolston high-rise in Vancouver June 26, 2013. Rize Alliance Properties Ltd. is offering 5 per cent down and $1,000 off monthly mortgage payments for a year on its downtown Rolston project.
(Jeff Vinnick For The Globe and Mail)

Taking a hard look at the Big Six banks’ mortgage risk

The amount of debt on Canadian bank balance sheets tied to residential housing is staggering. Combine residential mortgages with home equity lines of credit, and the Big Six banks have just under $1-trillion worth of exposure to the housing market.

To the untrained eye, that sum can seem terrifying. Add the speculation about a housing bubble to the mix and you have to wonder: should we be worried?