Purchasing a first home: a situation of over-indebtedness? (in French only)


Olivier Dussault


Option consommateurs




Owning a home is the dream of many Canadians. Conditions for purchasing a first home have been quite favourable in recent years. Low interest rates and home access programs have helped Canadians realize their dream. Potential buyers can now use mortgage tools that allow them to borrow the entire sum they need to purchase the property. At the same time, there has been a sharp increase in mortgage debt for new owners. In addition, the price of houses has continued to soar. This situation could lead to new owners being in a situation of over-indebtedness. The purpose of this report is to develop the Association’s expertise in the area of mortgage indebtedness, to participate in the five-year statutory review of the Banking Act and to make recommendations to agencies and companies that legislate, or provide information on mortgages. The overall aim is to ensure that Canadians are entitled to mortgage financing that respects their ability to pay.

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French only

OCA Funded Research
This research received funding support through the Office of Consumer Affairs' Contributions Program.

Contact information

50 Sainte-Catherine street West, Suite 440
Montreal, Quebec
H2X 3V4
(514) 598-7288
(514) 598-8511

Source: Consumer Policy Research Database

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