Parental Co-Signing for First-Time Homebuyers Has Tripled Since 2004: Bank of Canada
By Paul Rowan Brian
Published on April 14, 2026.
The number of parent co-signatures for first-time homebuyers in Canada has increased from 4% to 11%, according to a report by the Bank of Canada. The trend is helping more people qualify for mortgages and increasing their buying power to buy pricier homes. However, it also raises financial risks for the system.
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