"[]  5/6  BIS - Central bankers' speeches  3 See L. Morel, "Analyzing the house price boom in the suburbs of Canada's major  cities during the pandemic," Bank of Canada Staff Analytical Note No. 2022-7 (June 2022).
[] 4 Regulatory filings of Canadian banks show that, since the onset of the pandemic,  about 670,000 mortgages for home purchases were originated with a variable rate. Both the volume of new mortgages and the share of new mortgages with a variable rate have risen.