Canada’s recent real estate boom—and bust—was followed by an immigration surge charting a similar trajectory. Together, they expose generous high-leverage mortgage programs that shift risk off lender books and onto public and private insurers. These programs enabled buyers with minimal credit and few local ties to purchase homes at peak prices. With values now plunging, the lack of transparency raises questions about how these will perform—and whether the loans amplify the market’s downside risks.
To clarify: the @RBC mortgage pitch explicitly explains that "no money, no job" is not a barrier for "new" Canadians. https://t.co/yc9ETQyy1J
— Katewerk (@katewerk) November 6, 2025
