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Canadian HELOC Balances Made The Biggest December Drop Since 1992

Canadians made an unexpected move to deleverage a little of their HELOC debt. Bank of Canada (BoC) data shows HELOC debt fell in December. The decline was unusually strong for the month, at a rate not seen in decades. The drop wasn’t enough to bring the trend negative, however growth is negative in real terms. […]

The post Canadian HELOC Balances Made The Biggest December Drop Since 1992 appeared first on Better Dwelling.

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