Variable Mortgage Melodrama: BoC Staff Projections Under the Microscope

Calling mortgage renewal risk a "hot topic" is like calling the Grand Canyon a nice ditch, quite an understatement. Mortgage renewal chatter is hitting a level of buzz we haven't seen in decades, as the Google Trends chart below documents.

Bank of Canada researchers piled on the mortgage renewal conversation last week with a staff research report that made headlines. But while it was good at scaring people about the magnitude of potential payment increases, it left many wondering what it might take to mitigate that risk. It was like a mystery novel that ends with "To be continued..."

To measure the true depths of the renewal abyss, we reached out to the BoC for clarity on its analysis. Here's what it revealed.

You don't have access to this post on at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now


Sign in or become a member to read and leave comments.
Just enter your email below to get a log in link.

You've successfully subscribed to
Great! Next, complete checkout for full access to
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.