Mortgage Debt Canada

• Canadian mortgage debt surges to $2.08T amid high inflation, interest rates 

  However, the federal housing agency says in a new report that the rate of growth for mortgage debt slowed compared with recent years.

  Money

  May 25, 2023
  
• Consumer debt continued to rise in Q4 but new mortgages declined: Equifax

  The number of new mortgages declined 8.1 per cent year over year in the last three months of , according to Equifax.

  Consumer

  Mar 7, 2022
  
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• Canadian consumers are now carrying $2.1 trillion in debt, driven by mortgages

  Equifax says the debt profile of Canadians has changed throughout the COVID-19 pandemic, with mortgages accounting for a larger portion of people's debt.

  Consumer

  Jun 8, 2021
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• Coronavirus: Q1 non mortgage debt falls for first time in over a decade, Equifax says

  Equifax says the average non-mortgage debt in Canada fell to $23,386.

  Canada

  Jun 16, 2020
• Canadians are worrying about debt all wrong: CIBC

  The debt-to-income ratio is "probably the most useless economic indicator out there."

  Canada

  Mar 23, 2017