Almost half of new, young homeowners put down less than 20 per cent down on their homes, something that could make them vulnerable to economic shocks down the line. One section of the report looks at the mortgage market, where the bank looked at people who got a mortgage between 2014 and 2016. Overall, less than one third of all homeowners are so-called high-ratio borrowers — the banking terminology for people who own less than 20 per cent of the bank-appraised value of their home. But the central bank says almost half (49 per cent) of homeowners 35 and under who bought a house during that two-year window were high-ratio borrowers. "The proportion of low-ratio mortgage borrowers who are highly indebted has been trending up," the bank said.

Source: CBC News November 28, 2017 16:24 UTC