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