[New post] Canada’s Mortgage Boom Is Almost Entirely Uninsured As Investors Take Over

Daniel Wong posted: " Canadian mortgage debt has been soaring, and it's entirely due to uninsured borrowing. Bank of Canada (BoC) data shows mortgage debt was still rising in May, despite falling home sales. Drilling down into the numbers reveals it was entirely uninsured mor" Better Dwelling Canada's Mortgage Boom Is Almost Entirely Uninsured As Investors Take Over Daniel Wong Jul 30 Canadian mortgage debt has been soaring, and it's entirely due to uninsured borrowing. Bank of Canada (BoC) data shows mortgage debt was still rising in May, despite falling home sales. Drilling down into the numbers reveals it was entirely uninsured mortgage growth. The insured segment, with smaller down payments and often first-time buyers, is falling. […] Read more of this post Comment 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/canadas-mortgage-boom-is-almost-entirely-uninsured-as-investors-take-over/ Powered by Jetpack