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Large Tightening In Mortgage Lending In End-Q1: BoC Senior Loan Officer Survey

CANADA DATA
  • The initial takeaway from the SLOS is the large tightening in lending conditions to household mortgages, from a net ease of -4% to tightening +35.6% for above anything seen in the pandemic.
  • Price lending conditions lead (from -7.5 to +49.1) but non-price still sees a significant tightening (from -0.2 to +22).
  • Business lending conditions see a smaller relative tightening from 4.1 to 11.3, within the 2Q20 high of +20.

Full details here: https://www.bankofcanada.ca/publications/slos/



Source: Bank of Canada

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