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Tag Archives: GDP

StatsCan: Mortgage debt to GDP ratio reaches new heights in Q2

The ratio of national mortgage debt to GDP has already exceeded 80%, according to Statistics Canada. During the second quarter, the volume of mortgage debt was equivalent to 84.28% of GDP. For perspective, the level was 69.13% just a year ago, and 59.02% a decade prior. “That means during that period, mortgage debt grew over 40% faster [&hellip…

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