Toronto Mike

Canadian Mortgage Rates and Housing Trends 2020 Report

According to the Canadian Mortgage Rates and Housing Trends 2020 report:

  • The end of mortgage deferral programs in the fall could trigger a slump despite low mortgage rates
  • Toronto’s June 11.9% YOY increased average selling prices are the result of short-term demand shock from the housing market shutting down at the beginning of the pandemic
  • National mortgage rates could drop even further
  • A lull in immigration could significantly impact the Toronto and Vancouver markets
  • Negative interest rates, such as those implemented in Denmark to stimulate the economy, are not on the horizon for Canada

Thanks to Laura from for the info.

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