[New post] Canadian Mortgage Debt Tops $2 Trillion, Likely To Soon Eclipse Size of GDP

Daniel Wong posted: " Higher interest rates are slowing mortgage borrowing but debt is still growing fast. Bank of Canada (BoC) data shows outstanding mortgage credit climbed in May 2022. Falling home sales are beginning to erode the pace of borrowing. Even with the minor slo" Better Dwelling Canadian Mortgage Debt Tops $2 Trillion, Likely To Soon Eclipse Size of GDP Daniel Wong Jul 23 Higher interest rates are slowing mortgage borrowing but debt is still growing fast. Bank of Canada (BoC) data shows outstanding mortgage credit climbed in May 2022. Falling home sales are beginning to erode the pace of borrowing. Even with the minor slowdown, mortgage debt is likely to surpass the size of GDP soon. Canadian Mortgage […] 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/canadian-mortgage-debt-tops-2-trillion-likely-to-soon-eclipse-size-of-gdp/ Powered by Jetpack