This book on Canadian dealing with, household indebtedness, housing markets, demographic and socio-economic influences on housing demand, and recent trends in housing affordability and core housing need. The Canadian housing finance sector began to recover in 2010 and 2011. Outstanding residential mortgage credit continued to grow, reaching $1.042 trillion as of March 2011. The Bank of Canada raised its overnight lending rate from 0.25% in early 2010 to 1.0% by September 2010, where it remained as of July 2011. Underlying interest rates remained low by historical standards and mortgage rates remained stable; the average of five-year fixed term mortgage rates in 2010 was very similar to that of the previous year.