{"id":50631,"date":"2026-04-14T16:57:31","date_gmt":"2026-04-14T16:57:31","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=50631"},"modified":"2026-04-14T16:57:31","modified_gmt":"2026-04-14T16:57:31","slug":"bank-of-mom-and-dad-more-parents-are-co-signing-adult-kids-mortgages-national","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=50631","title":{"rendered":"Bank of mom and dad? More parents are co-signing adult kids\u2019 mortgages – National"},"content":{"rendered":"


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There has been a sharp rise in the number of parents co-signing their adult children\u2019s mortgage applications, data from the Bank of Canada<\/a> shows.<\/p>\n

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Of all mortgages<\/a> issued in Canada to first-time homebuyers here, the share of those that were co-signed by parents rose from around four per cent in 2004 to around 11 per cent in 2025, analysis from the Bank of Canada said on Tuesday.<\/p>\n

\u201cThe practice is especially prevalent in Canada\u2019s largest and most expensive housing markets, such as Toronto and Vancouver, where affordability pressures are most intense,\u201d the report said.<\/p>\n

Co\u2011signing is also more common among first\u2011time buyers who are younger and who have lower credit scores and lower incomes, it added.<\/p>\n

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For some younger Canadians, it was the only way they could have afforded a mortgage in the first place.<\/p>\n

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The report found that in 74 per cent of the cases where the mortgages were co-signed, adult children would not have qualified for their mortgages without their parents signing on with them.<\/p>\n

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