How the new mortgage ‘stress test’ will affect homebuyers
TORONTO — In an attempt to try and cool down the overheated housing market, the federal government is making it tougher to get a mortgage starting June 1. The new…
Mortgages fuel Canadian consumer debt surge
A dramatic increase in mortgage borrowing saw consumer debt loads surge in the first quarter of the year, with Canada’s consumer debt hitting nearly $2.1 trillion despite decreasing credit card…