Understanding Inequalities in Housing Finance: Research Insight Series
Closing the data gap to better understand the impact of discrimination on housing conditions in Canada.
The Inequalities in Housing Finance Research Insight series will explore race and other factors as determinants of housing outcomes. It will analyze inequalities in the housing system including:
homeownership rates
mortgage rates
household debt
This research series does not identify discrimination directly but aims to highlight areas researchers should focus on in future discrimination research.
It contributes to our goal of securing reliable data on the housing-related impacts of:
racism
discrimination
other systemic barriers Black and other racialized communities face in Canada
Research Insights
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Understanding Inequalities in Housing Finance: Research Insight Series
research conducted to understand the impact of neighbourhood racial composition on mortgage interest rates for uninsured mortgages
Highlights
The presence of Indigenous and Black residents had a small effect of increasing mortgage interest rates relative to a forward sortation area (FSA — the first 3 digits of the postal code) without visible minorities.
Mortgage interest rates may not be a primary source of inequality in the housing finance system. Factors like homeownership rate and property value are more important sources.
Further research should explore other factors such as property tax payments and risks of predatory lending for racialized populations.
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Effect of Neighbourhood Racial Composition on Mortgage Interest Rates
Property Values Vary Significantly by Race
Homeownership Rate Varies Significantly by Race
