The impact of recent policy changes on the Canadian mortgage market https://www.bankofcanada.ca/?p=201652 High-ratio mortgages (right scale) Share of new mortgages with a loan-to-income ratio over 450 per cent Low-ratio mortgages (right scale) Share of new mortgages with a loan-to-income ratio over 450 per cent Total mortgages (right scale) Share of new mortgages with a loan-to-income ratio over 450 per cent 5-year mortgage rate (left scale) Share of new mortgages with a loan-to-income ratio over 450 per cent 0–250%_2018Q1 Year-over-year change in the number of new uninsured borrowers, by loan-to-income ratio 0–250%_2018Q2 Year-over-year change in the number of new uninsured borrowers, by loan-to-income ratio 250–350%_2018Q1 Year-over-year change in the number of new uninsured borrowers, by loan-to-income ratio 250–350%_2018Q2 Year-over-year change in the number of new uninsured borrowers, by loan-to-income ratio 350–450%_2018Q1 Year-over-year change in the number of new uninsured borrowers, by loan-to-income ratio 350–450%_2018Q2 Year-over-year change in the number of new uninsured borrowers, by loan-to-income ratio 450% +_2018Q1 Year-over-year change in the number of new uninsured borrowers, by loan-to-income ratio 450% +_2018Q2 Year-over-year change in the number of new uninsured borrowers, by loan-to-income ratio Total_2018Q1 Year-over-year change in the number of new uninsured borrowers, by loan-to-income ratio Total_2018Q2 Year-over-year change in the number of new uninsured borrowers, by loan-to-income ratio Calgary Share of new mortgages with loan-to-income ratio over 450 per cent; Calgary Halifax Share of new mortgages with loan-to-income ratio over 450 per cent; Halifax Hamilton Share of new mortgages with loan-to-income ratio over 450 per cent; Hamilton Montréal Share of new mortgages with loan-to-income ratio over 450 per cent; Montréal Ottawa – Gatineau Share of new mortgages with loan-to-income ratio over 450 per cent; Ottawa – Gatineau Toronto Share of new mortgages with loan-to-income ratio over 450 per cent; Toronto Vancouver Share of new mortgages with loan-to-income ratio over 450 per cent; Vancouver Victoria Share of new mortgages with loan-to-income ratio over 450 per cent; Victoria Calgary_Year-over-year change in number of borrowers, 2018Q2 Year-over-year change in number of borrowers, 2018Q2; Calgary Halifax_Year-over-year change in number of borrowers, 2018Q2 Year-over-year change in number of borrowers, 2018Q2; Halifax Hamilton_Year-over-year change in number of borrowers, 2018Q2 Year-over-year change in number of borrowers, 2018Q2; Hamilton Montréal_Year-over-year change in number of borrowers, 2018Q2 Year-over-year change in number of borrowers, 2018Q2; Montréal Ottawa – Gatineau_Year-over-year change in number of borrowers, 2018Q2 Year-over-year change in number of borrowers, 2018Q2; Ottawa – Gatineau Toronto_Year-over-year change in number of borrowers, 2018Q2 Year-over-year change in number of borrowers, 2018Q2; Toronto Vancouver_Year-over-year change in number of borrowers, 2018Q2 Year-over-year change in number of borrowers, 2018Q2; Vancouver Victoria_Year-over-year change in number of borrowers, 2018Q2 Year-over-year change in number of borrowers, 2018Q2; Victoria Big Six banks_Year-over-year change in volume, 2018Q2 None Big Six banks_Year-over-year absolute change in market share, 2018Q2_From 77.5% to 72.6% None Smaller banks_Year-over-year change in volume, 2018Q2 None Smaller banks_Year-over-year absolute change in market share, 2018Q2_From 8.6% to 9% None Credit unions_Year-over-year change in volume, 2018Q2 None Credit unions_Year-over-year absolute change in market share, 2018Q2_From 2% to 2.6% None Mortgage finance companies_Year-over-year change in volume, 2018Q2 None Mortgage finance companies_Year-over-year absolute change in market share, 2018Q2_From 6.2% to 7% None Private lenders_Year-over-year change in volume, 2018Q2 None Private lenders_Year-over-year absolute change in market share, 2018Q2_From 5.9% to 8.7% None 11.713.012.73.513.93.69.311.68.521.630.422.7 12.112.612.53.016.66.210.411.77.024.031.218.1 14.913.914.13.017.26.212.712.77.827.031.719.7 15.614.214.53.017.36.911.413.29.126.432.621.2 16.114.514.72.917.58.013.311.88.026.333.121.8 16.016.116.12.720.78.115.312.19.529.034.523.1 18.917.517.82.720.46.618.414.310.531.637.926.1 19.117.317.72.719.010.216.115.49.631.537.426.7 18.917.517.72.819.15.016.013.610.631.535.524.5 17.317.517.52.620.26.016.312.09.932.735.824.0 20.819.019.42.521.17.020.212.79.535.038.026.7 20.019.119.22.520.98.319.714.29.434.335.527.0 13.119.919.02.720.57.521.512.511.032.537.328.4 9.919.818.32.620.69.722.311.510.834.439.729.8 10.420.418.92.620.77.023.812.910.338.542.628.9 9.919.718.23.118.98.324.213.210.834.440.830.9 9.417.916.93.3-15.3-8.9-6.5-16.4-7.718.07.818.811.49.433.140.828.0 6.214.312.93.3-15.7-11.7-10.5-38.9-15.113.56.116.28.77.527.838.025.0-16.022.9-20.5-7.04.2-27.5-22.3-17.8-44.4-4.90-37.50.40-22.50.60-32.30.80-11.82.80