Mortgage Debt is Putting our National Economy at Risk

October 11 2013

Consumer debt in Canada is increasing and the federal government and Bank of Canada are concerned with rising mortgage rates and the level of mortgage debt held by Canadians. Mortgage debt held by Canadians is approximately $1.1 trillion.

Gross debt service ratios and total debt service ratios are increasing as the cost of new homes are increasing generally across Canada

Financial Post Article

 

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