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Tag Archives: bank

Household mortgage debt balance approaching $1.66 trillion

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Spurred by record-low rates and housing market dynamism, Canadians borrowed at an unprecedented pace in 2020, with national mortgage debt growing by 7.4% annually in November. The latest data from Statistics Canada showed that the overall household mortgage debt balance reached $1.66 trillion during the month. The surge was accompanied by a sharp spike in mortgage loans, [&hellip…

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