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  1. Canadians can access much bigger mortgages today compared to 15 years ago

    Amid speculation about what the Bank of Canada’s recent interest rate increase could mean for homebuyers, it’s important to remember the bigger picture—rates are historically low. Thanks to falling interest rates and growing incomes, ...

  2. Interest Rates and Mortgage Borrowing Power in Canada

    One often-overlooked contributing factor to rising home prices in Canada is mortgage interest rates. Between 2000 and 2016, the prevailing mortgage interest rate declined from 7.0 percent o 2.7 percent. This decline resulted in a 52.9 percent ...

  3. Artificially lowered interest rates major cause of increased housing prices

    Housing prices in Vancouver have gotten a lot of attention over the last few years. According to Demographia, the City of Vancouver is the most expensive place to live in North America, with a median income of $69,700 and a median home ...