Canadians Are Pumping The Brakes On Mortgage Credit After Hitting 103% of GDP
Canadian real estate prices might be soaring, but mortgage growth is hitting a wall. Bank of Canada (BoC) data shows mortgage credit hit a new record in January 2022. Annual growth is still close to the highest level since 2008, but several signs show we’re past the peak. With rising interest rates shrinking mortgage budgets, […]