Recent Reports

April 26th letter to the Minister of Finance, in which I argue that the interest rate used in the stress tests should be 3.76%.

 

Slides from a Presentation given on April 21, to Mortgage Professionals Canada’s Mortgage Symposium.

"Annual State of the Residential Housing Market in Canada" (released March 25). For Mortgage Professionals Canada, a major report on conditions and factors in the market.  Find the Press Release here

 

"Report 5 - Rapidly Evolving Expectations in the Housing Market"

We can now feel some confidence that we are turning the corner, and the second half of this year should be much better. Even so, a lot of us are deciding that we want to re-organize our housing arrangements. Released Feb. 10.

 

"Report 4 - Rapidly Evolving Expectations in the Housing Market"

During the 4 waves of this survey, Canadians have gained a bit more confidence about their employment situations, attitudes about home ownership have been stable. Interest in moving to home ownership continues to rise, very sharply. Released Dec. 16.

Re

"Report 3 - Rapidly Evolving Expectations in the Housing Market"

As the first wave of Covid-19, abated, confidence improved and Canadians remain very highly interested in changing their housing arrangements.. Report released October 27.

"Report 2 - Rapidly Evolving Expectations in the Housing Market"

Canadians continue to adapt to Covid-19, and consumers' expectations are shifting? Report released September 14.

"Report 1 - Rapidly Evolving Expectations in the Housing Market"

Under the weight of Covid-19, how are consumers' expectations changing? Report released August 6.

Under the weight of Covid-19,

Annual Report on the Canadian Mortgage Market - A comprehensive review of trends in the Canadian housing and mortgage markets, and related policy issues.

 

Owning versus Renting a Home in Canada - In most situations in Canada, the monthly cost of home ownership is actually lower than the cost of renting equivalent housing, and the ownership advantage increases over time.

 

How to Dissect a Housing Bubble - (completed in 2014). I wrote this at a time when there was a lot of discussion about "over-valued" housing markets in Canada. The primary conclusion was that due to low interest rates, there was considerable potential for further price growth.