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Banks earned nearly $60 billion in profits last year while Canada’s housing crisis deepened.

Canada’s mortgage debt has reached $2.2 trillion—representing 85% of our GDP, one of the highest ratios among developed economies. This staggering dependence on housing debt reveals a system that enriches financial institutions while making households poorer.

Our groundbreaking research exposes how banking practices actively drive housing unaffordability and displacement. Mortgage lending that inflates house prices. Commercial financing that incentivizes tenant displacement and fuels the climate emergency.

Across the country, seemingly “neutral” banking systematically undermines the human right to housing.