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Bank of Canada

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May 28, 2026 · Bank of Canada · Rates · Financing

Financial Stability Report—2026

Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.

Our take: Live BoC release. Read the primary source before changing offer discipline or leverage assumptions.

In your underwriting: Re-check DSCR and stress payment against the current BoC 5-year mortgage series before waiving financing.