Canadian Mortgage Debt Grew By Over 5% Of GDP In Just One Year
Canadian households are taking advantage of the cheap debt flooding the mortgage market. Bank of Canada (BoC) data shows outstanding mortgage credit reached a new high in January. The total size of the debt pile isn’t just a shocker at this point. Over the past year, accumulated mortgage debt was more than 5% the size of the country’s GDP. One. Year.
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
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Link to Original Article: https://betterdwelling.com/canadian-mortgage-debt-grew-by-over-5-of-gdp-in-just-one-year/