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Residential mortgage debt hits $2.16 trillion: CMHC

Total owed is up 3.4% year over year, representing slowest growth in 23 years

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Canada's residential mortgage debt hits $2.16-trillion amid slowest growth in 23 years: CMHC

Higher mortgage costs and uncertainty around the Bank of Canada potentially lowering its key interest rate led to softer home sales and prices across many regions in the second half of 2023

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Residential Mortgage Debt Hits $2.16 Trillion Amid Slowest Growth in 23 Years: CMHC

Residential Mortgage Debt Hits $2.16 Trillion Amid Slowest Growth in 23 Years: CMHC
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Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC - Canada News

Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and representing the slowest growth in 23 years.

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Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC
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