Scotiabank Chilean Economy and Financial Outlook
Canadian Housing Fundamentals Remain Sound
Solid indicators on several dimensions
INTERNATIONAL IMMIGRATION
TOTAL DEBT-SERVICE RATIO
NUMBER OF IMMIGRANTS
TO CANADA, 000S
RATIO
290
240
190
140
90
95
00
2021
Target = 350K
05
10
15
Sources: Scotiabank Economics, Statistics Canada.
RESIDENTIAL UNIT SALES TO NEW LISTINGS RATIO
1.0
0.8
Sellers' Market
0.6
Balanced Market
0.4
Buyers' Market
0.2
0.0
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, CREA MLS. Data through January 2019.
% OF MORTGAGES IN ARREARS
% OF DISPOSABLE INCOME
νε
S MONTHS OR MORE
16
15
14
13
1990-2017
average
12
11
10
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Statistics Canada. Data through 2018Q3.
RESIDENTIAL MORTGAGES ARREARS
0
CO
5
+
3
2
0
U.S.
Canada
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, CBA, MBA. Data through 2018Q4 (US) and October 2018
(Canada).
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