Bank of mom and dad? More parents are co-signing adult kids’ mortgages - National

More Canadians are co-signing mortgages with parents and that comes with risks

Canadians leaning on the bank of mom and dad to afford mortgages has become more common over the past two decades, according to a new report.

Parental Co-Signing for First-Time Homebuyers Has Tripled Since 2004: Bank of Canada

About 11 percent of first-time homebuyers in Canada had their parents co-sign their mortgages in 2025, a sharp increase from about 4 percent in 2004, according to a new report from the Bank of Canada. The trend toward parent co-signatures is helping more people qualify for mortgages and boosting their buying power so they can buy pricier homes, but it is also increasing financial risks for borrowers and the system as a whole, according to an Apr…

Bank of mom and dad? More parents are co-signing adult kids’ mortgages - National

Co‑signing is more common among first‑time buyers who are younger and who have lower credit scores and lower incomes, a Bank of Canada report added.