Canadians Turn To Consumer Credit As Mortgage Debt Slows
The great Canadian borrowing binge continues, but it’s not for mortgages. At least, not entirely. Statistics Canada (StatCan) data shows household debt grew in June, but not as fast as usual. Mortgage credit is weighing down growth as it decelerates post-low rate boom. It’s consumer credit that’s booming, a trend the industry attributes to a […]
The post Canadians Turn To Consumer Credit As Mortgage Debt Slows appeared first on Better Dwelling.
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