Trends in household non-mortgage loans: The evolution of Canadian household debt before and during COVID-19

Articles and reports: 11-621-M2021004


Despite COVID-19's impact on the broader economy, the Canadian housing market remained resilient through 2020 as interest rates fell to historic lows. Using data derived from the National Economic Accounts Division and the Bank of Canada, this paper examines trends observed in the mortgage market leading up to and during the COVID-19 pandemic.

Issue Number: 2021004
Author(s): Hoffarth, Matthew; Daoust, Michael

Main Product: Analysis in Brief

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HTMLAugust 23, 2021
PDFAugust 23, 2021