By clicking submit I agree to be contacted by Frank Leo via call, email, and text. To opt-out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply.

    Data from the national housing agency reported that Canadian Mortgage debt went up at the fastest annual rate in 3 years due to increased property sales and high levels of payment deferrals due to the COVID-19 pandemic. 

    The CMHC reported that mortgage debt rose 6 per cent year-over-year in May, the fastest since July 2017. 

    The top 6 banks reported mortgage deferrals of 13.5 per cent in the 3 months through July, and mortgage debt growth also went up in April after climbing g 5.1 per cent in the first 3 months of 2020.

    Read more from the News Source HERE

    Leave a Reply