Canadian Homeowners Are Pulling Back On HELOC Borrowing

Canadians are finally getting shy about spending their recent home equity windfall. Regulatory filings show the outstanding balance of home equity line of credit (HELOC) fell in January. It wasn’t just HELOC, but all home equity borrowing showed a substantial monthly contraction. Falling home values and rising interest costs might have finally tempered the spending […]

Canadian Mortgage Borrowing Fell Off A Cliff In 2023

Canada’s real estate slowdown is still trickling through the mortgage market. Bank of Canada (BoC) data shows mortgage originations continued to fall in January. The volume of new lending has virtually dropped off a cliff, as higher rates throttle leverage. Sky-high home prices that are falling aren’t exactly providing much buyer incentive either.  Canadian Mortgage […]