Tag: mortgage vs consumer debt Canada

• Canadian Household Debt Surpasses $3 Trillion, Fueled by Mortgage Growth

  

  Debt is rising twice as fast as in 2019 – with mortgages driving the surge Canadian households have officially crossed a new milestone: total credit market debt exceeded $3 trillion for the first time in the fourth quarter of 2024, according to Statistics Canada. Despite high interest rates and weak home sales, borrowing remains strong…

  Kaleylangille

  May 21, 2025

  alberta, ontario, Uncategorized

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