Canadian Mortgage Growth Picks Up, But Is Still The Slowest In Over 20 Years
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.
Original Article Source Credits: Better Dwelling,https://betterdwelling.com
Article Written By Daniel Wong
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Link to Original Article: https://betterdwelling.com/canadian-mortgage-growth-picks-up-but-is-still-the-slowest-in-over-20-years/