Growing mortgage debt making Canada's economy vulnerable, central bank says

Author: External Author | | Categories: Accredited Mortgage Professional , Mortgage Broker , Real Estate Mortgage

The Bank of Canada said on Thursday that high household indebtedness and imbalances in the housing market have intensified in the last year, leaving the economy more vulnerable to economic shocks.

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Original Article Source Credits: CBC, https://www.cbc.ca/

Article Written By: NA

Original Article Posted on: 20th May 2021

Link to Original Article: https://www.cbc.ca/news/business/bank-of-canada-financial-system-review-1.6034006

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