Canadian Mortgage Growth Picks Up, But Is Still The Slowest In Over 20 Years

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Canadians are taking out mortgage debt, but at an unusually slow pace these days. Bank of Canada (BoC) data shows outstanding mortgage credit reached a new high in July. Mortgage growth is improving compared to previous months. However, this past July was still the slowest rate of growth for the month in over two decades.

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Original Article Source Credits: Better Dwelling,

Article Written By Daniel Wong

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