• New-cannabis.png
  • Seymour-Pub-NewMAY-ADVT-1.gif
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About Us
  • Advertise
  • Contact
  • Send news and story ideas
  • News Alerts
ADVERTISE WITH US
North Shore Daily Post

North Shore Daily Post

Follow Us

Local News for North Vancouver and West Vancouver

Monday June 30, 2025
  • HOME
  • North Shore
  • Vancouver
  • Life
  • BC/Canada
  • Voices
  • Support Us
  • indigenousfire.jpg
  • Hanson-Kohan-Lawyers-scaled.jpg

56% Canadians see stricter mortgage rules as barrier to home ownership  

https://www.northshoredailypost.com/wp-content/uploads/2020/01/home.jpg
January 9, 2020 3:23pm

For many Canadians, buying a home can be a challenging and stressful experience. According to a recent survey from Zillow and Ipsos, 92% of Canadians see at least one barrier to home ownership, and two of the top concerns are related to the mortgage process.

Canadians report feeling pressured by stricter mortgage regulations that went into effect in 2018 and Zillow’s recent survey found that 56% of Canadians see qualifying for a mortgage as a barrier to home ownership, a six-point increase from 2018. This concern rises to 64% for consumers who recently purchased a home, likely linked to the mortgage regulation changes looming at the time of their home search. After mortgage qualification, the next top worry for buyers is whether they can afford the mortgage payment: More than half (54%) report this as a barrier.

New and stricter mortgage requirements took effect in January 2018 with the addition of a stress test, requiring borrowers to qualify under a higher rate. The rule only applies to newly originated mortgages and is designed to prevent borrowers from taking on more debt than they can handle if interest rates go up. Since its passing, buyers’ worries are growing according to the survey. Half of Canadians (51%) say they are concerned that stricter rules will prevent them from qualifying for a mortgage, up five points since 2018.

These mortgage regulations could impact a substantial portion of potential buyers, as the survey results show a large share of Canadian homeowners (80%) get mortgages. Younger home shoppers also feel the weight of the law. Sixty-nine percent of those 18-34 years old are concerned about qualifying for a mortgage under the stricter guidelines. This worry is also present for current renters who may be considering the purchase of their first home: 66% express concerns about mortgage qualification under stricter guidelines.

These are some of the findings of an Ipsos poll conducted between September 24 and October 8, 2019, on behalf of Zillow. For this survey, a sample of 1,503 Canadians aged 18+ was interviewed online via the Ipsos I-Say panel.

Share

Reader Interactions

Comments

NOTE: The North Shore Daily Post welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

No Comments

Leave a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Cheeseman-REVISED.jpg
  • Lynne-Block.jpg

Recommended Stories

https://www.northshoredailypost.com/wp-content/uploads/2022/04/scam-400x262.jpg
BC/Canada
BC woman loses over $23,000 in romance scam
https://www.northshoredailypost.com/wp-content/uploads/2018/01/CNV-MAIN-400x225.jpg
North Shore
Want to remove a tree ? CNV has a new tree bylaw
https://www.northshoredailypost.com/wp-content/uploads/2021/05/quarry-rock-400x229.jpg
North Shore
Popular North Vancouver trail will likely remain closed this summer
https://www.northshoredailypost.com/wp-content/uploads/2022/03/new-tech-400x231.jpg
North Shore
DNV using new technology to grow trees in Deep Cove
https://www.northshoredailypost.com/wp-content/uploads/2021/11/Douglas-Fur-Capilano-river-park-400x286.jpg
North Shore
VIDEO: A fallen 500-yr-old Douglas fir in North Vancouver still gives back

Footer

Contact Us: contact@northshoredailypost.com

Follow Us

Copyright ©2020 North Shore Daily Post. All Rights Reserved
  • About Us
  • Advertise
  • Privacy Policy
  • Terms and Conditions