Canada Mortgage Confidence Outlook Improves

Mortgage confidence has improved in 2026, while affordability remains central; borrowers are focusing on informed decisions, budget discipline, and payment readiness now.
Renewing borrowers were more likely to feel rate-linked pressure, making early payment reviews and practical spending plans especially useful for households planning ahead.
Some respondents have reduced or plan to reduce non-mortgage spending, including dining, entertainment, vacations, and shopping, to ease pressure and manage risk.
Down payment planning remains a major buyer focus, with savings, prior-home equity, and family gifts all appearing as common funding sources nationally.
Looking ahead, ~70% expected home values to gain within 12 mo, while >80% still viewed ownership as a strong long-term investment choice.