24 January 2018

The report predicts a 0.5% rate increase in 2018 and the same hike in 2019. Mortgage growth is expected to reach 3% per year.

Although we can see home prices growing, and the household debt level remains high, Fitch says the financial infrastructure in the country is well protected by CMHC’s mortgage insurance.

It says further lending tightening will reduce the market demand in the hottest cities, and foreign ownership rules will show the full influence this year already.