Get your complementary Pre-Approval from aDiamondMortgage, here. Mortgage debt growth accelerates, but borrowing activity stalls – BoC Debt balances reach a new high Annual growth in mortgage debt is now at one of its fastest rates in over a decade, but the pace of borrowing nationwide is showing a sharp deceleration, according to data from the Bank of [&hellip…
Read more
Get your complementary Pre-Approval from aDiamondMortgage, here. How to fine-tune your finances for a mortgage The combination of low interest rates, limited housing supply and a growing pool of buyers has created an overheated real estate market characterized by bidding wars and properties selling far above their listing price. In times like these, buyers need to get their [&hellip…
Read more
Mortgage Debt Grew at Fastest Pace in a Decade: CMHC Canada’s mortgage market grew at its fastest pace in over 10 years in the first half of 2021, according to new data released by the Canada Mortgage and Housing Corporation (CMHC). The agency attributed the strong growth to record-low interest rates and “pandemic-fuelled demand for [&hellip…
Read more
