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Average new mortgage tops $300,000 for first time as consumer debt in Canada hits $2 trillion

Author: External Author | Dec 16, 2020 | Categories: Mortgage Broker , Mortgage Industry , Mortgage Pre-Approval , Mortgage Refinance , Mortgage Renewal , Private Mortgage

Consumer debt in Canada rose 3.8 percent in the third quarter to $2.041 trillion, driven by the surging housing market and new auto loans, Equifax Canada’s latest report reveals.

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Original Article Source Credits: Calgary Herald, https://calgaryherald.com/

Article Written By: Financial Post Staff

Original Article Posted on: 30th November 2020

Link to Original Article: https://calgaryherald.com/news/economy/average-new-mortgage-tops-300000-for-first-time-as-consumer-debt-in-canada-hits-2-trillion/wcm/5c7f815c-b022-4144-981c-cf8eb066ab0c