[New post] Canadian Mortgage Debt Is Slowing, But Growth Is Still Historically High

Daniel Wong posted: " Canada's mortgage debt boom is slowing but still remains historically elevated. Bank of Canada (BoC) data shows outstanding mortgage credit hit a new record in July. Higher interest rates are throttling growth, as they shrink borrowing credit capacity. E" Better Dwelling Canadian Mortgage Debt Is Slowing, But Growth Is Still Historically High Daniel Wong Sep 26 Canada's mortgage debt boom is slowing but still remains historically elevated. Bank of Canada (BoC) data shows outstanding mortgage credit hit a new record in July. Higher interest rates are throttling growth, as they shrink borrowing credit capacity. Even so, annual growth is still at a level rarely seen outside of Canada's frothiest market cycles.  […] 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-is-slowing-but-growth-is-still-historically-high/ Powered by Jetpack