Canada real estate: mortgage borrowing reaches record high of $108 billion in 2020
Canadians borrowed a lot of dough last year.
They used the money to buy a home or to renew or refinance their mortgages.
All in all, Canadian households added $108 billion in mortgage debt by November 2020.
According to a new study, this is the highest level of borrowing in the last few years.
Original Article Source Credits: Straight , https://www.straight.com/
Article Written By: Carlito Pablo
Original Article Posted on: February 17th, 2021