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

Author: External Author | | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Reverse Mortgage , Royal Canadian Legion , Self Employed Mortgage

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,https://betterdwelling.com

Article Written By Daniel Wong

Original Article Posted on : 

Link to Original Article: https://betterdwelling.com/canadian-mortgage-growth-picks-up-but-is-still-the-slowest-in-over-20-years/



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