[New post] Canadian HELOC Balances Rise Another $1.7 Billion In A Month

Daniel Wong posted: " Canadian homeowners are tapping their real estate windfall to fund a spending binge. Bank of Canada (BoC) data shows home equity lines of credit (HELOC) debt surged in September. HELOC debt slowed last year but now it's back with a vengeance, growing fas" New post on Better Dwelling Canadian HELOC Balances Rise Another $1.7 Billion In A Month by Daniel Wong Canadian homeowners are tapping their real estate windfall to fund a spending binge. Bank of Canada (BoC) data shows home equity lines of credit (HELOC) debt surged in September. HELOC debt slowed last year but now it's back with a vengeance, growing faster than the economy. Experts say it provides a boost to the economy […] Read more of this post Daniel Wong | November 29, 2021 at 8:03 pm | Tags: Canadian GDP, Canadian HELOCs, Canadian Mortgage Debt, Canadian Real Estate Prices | Categories: Canada | URL: https://wp.me/p4nriD-4Vk 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-heloc-balances-rise-another-1-7-billion-in-a-month/