Canada real estate: mortgage borrowing reaches record high of $108 billion in 2020

Author: External Author | | Categories: Buying a Home , Real Estate Market Updates

Canadians borrowed a lot of dough last year.

They used the money to buy a home or to renew or refinance their mortgages.

All in all, Canadian households added $108 billion in mortgage debt by November 2020.

According to a new study, this is the highest level of borrowing in the last few years.

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Christine Gazzola -   Real Estate Agent Niagara Falls