Canadian Mortgage Debt Has Already Passed Its Cycle Peak

by Daniel Wong

Canadian households are still borrowing at an elevated pace, but it’s not for housing this time. Statistics Canada (StatCan) data shows household credit climbed in May, growing at its fastest pace in well over a year. Despite mortgages representing the majority of debt, the segment continued to slow after a premature cycle peak. Consumer credit […]

The post Canadian Mortgage Debt Has Already Passed Its Cycle Peak appeared first on Better Dwelling.

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