Mortgages accounted for the majority of debt that Alberta households carried, with the average going up to $124,000 in 2016 from $96,000 six years earlier. That’s a nearly 30 per cent jump. Meanwhile, debt-service payments in the province are already the highest among all Canadians at an average of …
The post Albertans would be hardest hit by interest rate hikes, Royal Bank says appeared first on Consumer-Mortgage.
source http://consumer-mortgage.com/albertans-would-be-hardest-hit-by-interest-rate-hikes-royal-bank-says/
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