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Almost 20% of Canadian Homeowners Nearly Maxed Out HELOCs Before The Pandemic

Canadian homeowners love spending their home equity, but how much is left for an emergency? Bank of Canada (BoC) data shows homeowners have drawn a little over a third of available HELOC credit in Q4 2019. That doesn’t sound bad, until you realize what the distribution looks like. A significant number of homeowners were already […]

The post Almost 20% of Canadian Homeowners Nearly Maxed Out HELOCs Before The Pandemic appeared first on Better Dwelling.

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