The quality of lending has improved, with fewer mortgages going to highly indebted borrowers 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 11.73.512.713.0 12.13.012.512.6 14.13.014.913.9 14.53.015.614.2 16.114.72.914.5 16.116.016.12.7 17.518.917.82.7 17.319.117.72.7 17.517.72.818.9 17.317.52.617.5 2.519.420.819.0 2.519.119.220.0 13.12.719.919.0 9.92.618.319.8 2.618.920.410.4 3.19.918.219.7 17.93.39.416.9 6.212.914.33.3