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