[New post] Canadian Mortgage Quality Has “Deteriorated”: Bank of Canada

Stephen Punwasi posted: " Canada used to be known for its conservative mortgage lending, but that's no longer the case. The Bank of Canada (BoC) warned mortgage quality has "deteriorated" in 2020. The central bank found highly indebted households, those with a loan-to-income rati" New post on Better Dwelling Canadian Mortgage Quality Has "Deteriorated": Bank of Canada by Stephen Punwasi Canada used to be known for its conservative mortgage lending, but that's no longer the case. The Bank of Canada (BoC) warned mortgage quality has "deteriorated" in 2020. The central bank found highly indebted households, those with a loan-to-income ratio higher than 450%, now represent a record share of new mortgage debt. Highly indebted households […] Read more of this post Stephen Punwasi | July 26, 2021 at 11:45 am | Tags: Bank of Canada, Canadian Mortgages, Canadian Real Estate Prices, OSFI | Categories: Canada | URL: https://wp.me/p4nriD-4zc Comment    See all comments Unsubscribe to no longer receive posts from Better Dwelling. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://betterdwelling.com/canadian-mortgage-quality-has-deteriorated-bank-of-canada/