Canadian Uninsured Mortgage Debt Is Growing 4x Faster Than Insured Debt

Author: External Author | | Categories: Mortgage Broker , Mortgage Services

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It shouldn’t be too surprising that a record number of real estate sales is accompanied by a ton of new borrowing. Funds advanced, which is new mortgage credit issued or extended, climbed at a rapid rate in March. Borrowers took out a record amount of mortgage debt, with the majority of it uninsured.

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Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Daniel Wong

Original Article Posted on:  

Link to Original Article:  https://betterdwelling.com/canadian-inflation-makes-the-fastest-two-month-acceleration-in-over-a-half-century/



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