The big driver in the gentle slowdown in household borrowing is on the all-important mortgage side. Mortgage credit outstanding has also risen 5.3% y/y (one of the few times in the past 8 years that mortgages have not grown faster than all other forms of household debt). This is well down from the recent …
The post BMO: ‘<b>Canadian</b> household debt appears to be finally cooling in a meaningful way’ appeared first on Consumer-Mortgage.
source http://consumer-mortgage.com/bmo-canadian-household-debt-appears-to-be-finally-cooling-in-a-meaningful-way/
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