Canadian Mortgage Debt Has Never Seen Such Explosive Growth, Hits $1.7 Trillion

Author: External Author | Categories: Commercial Mortgage , Mortgage Services

Home sales might be slowing, but Canadians have begun one of the most epic debt binges ever. Bank of Canada (BoC) data shows outstanding residential mortgage credit reached a new record in June. It didn’t just “soar” to that level though. It showed explosive growth, like someone strapped a rocket to it. 

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Daniel Wong

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