CANADA'S HOUSING MORTGAGE IMBALANCE (HMI)
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HOUSING MORTGAGE IMBALANCE | CANADA
PERCENT (%)
Calc. using data from: Statistics Canada
WHAT IS THE HOUSING MORTGAGE IMBALANCE ("HMI")?
We developed the HMI indicator to measure the degree of imbalance between money (bank deposits) and housing in Canada's housing market. It is calculated by taking the annualized growth rate of bank residential mortgages and subtracting by the annualized growth rate of the housing stock. If bank residential mortgages are growing faster than the housing stock, then the HMI will be a positive value, indicating that there is more new money (bank deposits) entering the housing market than the number of new homes.
We have found that this is the leading cause of inflation in Canada's housing market.
HOUSING MORTGAGE IMBALANCE| ON
PERCENT (%)
Calc. using data from: Statistics Canada
HOUSING MORTGAGE IMBALANCE | BC
PERCENT (%)
Calc. using data from: Statistics Canada
HOUSING MORTGAGE IMBALANCE | NS
PERCENT (%)
Calc. using data from: Statistics Canada
HOUSING MORTGAGE IMBALACE | QC
PERCENT (%)
Calc. using data from: Statistics Canada
HOUSING MORTGAGE IMBALANCE | AB
PERCENT (%)
Calc. using data from: Statistics Canada
THE HMI IS THE LEADING CAUSE OF INFLATION IN HOUSING
NEW HOME PRICES VS. HOUSING MORTGAGE IMBALANCE | CANADA
Calc. using data from: Statistics Canada
NEW HOME PRICES VS. HOUSING MORTGAGE IMBALANCE | NFLD
Calc. using data from: Statistics Canada
NEW HOME PRICES VS. HOUSING MORTGAGE IMBALANCE | PEI
Calc. using data from: Statistics Canada
NEW HOME PRICES VS. HOUSING MORTGAGE IMBALANCE | NS
Calc. using data from: Statistics Canada
NEW HOME PRICES VS. HOUSING MORTGAGE IMBALANCE | NB
Calc. using data from: Statistics Canada
NEW HOME PRICES VS. HOUSING MORTGAGE IMBALANCE | QC
Calc. using data from: Statistics Canada
NEW HOME PRICES VS. HOUSING MORTGAGE IMBALANCE | ON
Calc. using data from: Statistics Canada
NEW HOME PRICES VS. HOUSING MORTGAGE IMBALANCE | MB
Calc. using data from: Statistics Canada
NEW HOME PRICES VS. HOUSING MORTGAGE IMBALANCE | SK
Calc. using data from: Statistics Canada
NEW HOME PRICES VS. HOUSING MORTGAGE IMBALANCE | BC
Calc. using data from: Statistics Canada
HOUSING MORTGAGE IMBALANCE | CANADA
PERCENT (%)
Calc. using data from: Statistics Canada
Calc. using data from: Statistics Canada
NEWFOUNDLAND & LABRADOR
PERCENT (%)
Calc. using data from: Statistics Canada
PRINCE EDWARD ISLAND
PERCENT (%)
Calc. using data from: Statistics Canada
NOVA SCOTIA
PERCENT (%)
Calc. using data from: Statistics Canada
NEW BRUNSWICK
PERCENT (%)
Calc. using data from: Statistics Canada
QUEBEC
PERCENT (%)
Calc. using data from: Statistics Canada
ONTARIO
PERCENT (%)
Calc. using data from: Statistics Canada
MANITOBA
PERCENT (%)
Calc. using data from: Statistics Canada
SASKATCHEWAN
PERCENT (%)
Calc. using data from: Statistics Canada
ALBERTA
PERCENT (%)
Calc. using data from: Statistics Canada
BRITISH COLUMBIA
PERCENT (%)
Calc. using data from: Statistics Canada
