Canada real estate: mortgage borrowing reaches record high of $108 billion in 2020

Author: External Author | | Categories: Home Mortgage Purchase , Mortgage Agent , Mortgage Broker

Blog by Melissa Henderson - Mortgage Agent

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.

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Original Article Source Credits:   Straight , https://www.straight.com/

Article Written By:  Carlito Pablo

Original Article Posted on:  February 17th, 2021 

Link to Original Article:  https://www.straight.com/news/canada-real-estate-mortgage-borrowing-reaches-record-high-of-108-billion-in-2020



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