In-House – Canada's Housing Podcast

Canada's mortgage market hit a turning point in 2025, and in this episode of In-House, we dig into what the data is really telling us.
Host Joelle Hamilton sits down with Aled ab Iorwerth, CMHC Deputy Chief Economist, to break down the Spring 2026 Residential Mortgage Industry Report (RMIR). They cover what drove the biggest renewal wave in recent memory, why borrowers are shifting back to variable rates, and what signals — good and concerning — are shaping the outlook for the rest of 2026.
What you'll hear in this episode:
• The renewal wave peaked in 2025 as pandemic era buyers mortgages expired. Why 2026 should be calmer — and where payment pressure still lingers. 
• Why 42% of new mortgages are now variable-rate — and what it means if rates change. 
•  While still historically low nationally, delinquencies in Ontario and Toronto have increased year-over-year (35% and 45%), a trend worth watching.
• The stress hiding beneath the headline numbers — how unemployment and non-mortgage delinquencies signal what's coming before it hits mortgage arrears.
• What structural signals offer cautious optimism: amortizations normalizing, HELOC performance holding steady, and TDS ratios improving. 
 If you work in lending, real estate, housing policy, or you're a homeowner navigating today's rate environment, this episode is for you. 
Resources mentioned: 
→ Spring 2026 RMIR full report: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/housing-finance/residential-mortgage-industry-report
→ CMHC Residential Mortgage Industry Data Dashboard: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-data/residential-mortgage-industry-data-dashboard 
Subscribe to In-House for more housing market insights from CMHC.

In-House is more than market trends and data. It's about people and programs. From coast to coast to coast, we share stories of Canadians who are directly impacted by our funding.
Today, we introduce you to northern housing developers Amanda Doiron and Stuart Rostant. Partners in life and work, the couple met in Canada and started their careers in Trinidad and Tobago before taking a leap and moving to Canada's North. Fifteen years in, they've turned adventure into opportunity into solutions.
Thanks to the support from the Government of Canada's Housing Supply Challenge, Stuart and Amanda are forging a new path to housing construction in Canada's North.

Where is Canada’s housing system gaining momentum – and where are pressures quietly building beneath the surface?
Join our Deputy Chief Economist Tania Bourassa-Ochoa as she delves into the key findings from our recent Housing Supply Report.
Tune in to gain valuable insights and stay updated on the latest housing trends!

n this episode of In-House, we unpack CMHC’s 2026 Housing Market Outlook — covering what’s ahead for the economy, home prices, rental markets and housing supply.
Our expert walks through: 
• Why economic growth is expected to be weak in 2026 
• What slowing population growth means for housing demand 
• Why construction is forecast to decline across much of the country 
• How rental markets are easing — and what that means for renters 
• Where regional markets are diverging (Ontario, B.C., Quebec, Prairies) 
• What all this means for Canadians deciding whether to rent, buy or wait 
Whether you’re a policymaker, planner, developer, housing professional or just trying to understand what’s happening in your local market, this conversation breaks down the data in clear, practical terms. 
🔗 Explore the full Housing Market Outlook: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook
🔔 Subscribe for more housing data, research and insights from CMHC.
#Housing #HousingMarket #RealEstate #Renting #HomePrices

Canada’s housing system went through major changes in 2025 and this Year-In-Review episode breaks down the key themes shaping the year and the outlook for 2026. 
 
Chief Economist Mathieu Laberge joins host Joelle Hamilton to explore: 
• Persistent structural barriers slowing new housing 
• Canada’s growing supply gap and why doubling starts is essential 
• Why construction still takes so long, despite new policy momentum 
• A turning point in rental markets — including Vancouver’s 30-year vacancy high 
• Big shifts in borrowing, lending, and mortgage trends 
• Regional differences in housing starts and affordability 
• What to watch for in 2026 as reforms take hold 
 
🎧 Listen for a clear, accessible breakdown of Canada’s housing story — and the signals that matter most for the year ahead.