Licensed Mortgage Broker | Competitive Mortgage Rates | Access To Many Lenders

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

Author: External Author | | 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.

Read More

Original Article Source Credits: Calgary Herald,

Article Written By: Financial Post Staff

Original Article Posted on: 30th November 2020

Link to Original Article: