More first-time homebuyers rely on parents to co-sign mortgages than ever before

A Bank of Canada analysis says first-time homebuyers increasingly rely on parents to co-sign mortgages as home prices have outpaced incomes for two decades. The article highlights growing affordability strain in housing and a rising credit-support role from family members. The piece is informational rather than a market-moving policy announcement.

Analysis

A Bank of Canada analysis says first-time homebuyers increasingly rely on parents to co-sign mortgages as home prices have outpaced incomes for two decades. The article highlights growing affordability strain in housing and a rising credit-support role from family members. The piece is informational rather than a market-moving policy announcement.