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CMHC Finds Toronto and Vancouver Mortgage Debt Ratios Fall, But Not As It Seems

Canadian mortgage debt indicators are looking better, but the state-owned housing agency is putting a big asterisk beside them. Canada Mortgage and Housing Corporation (CMHC) data shows the mortgage debt to income ratio made a sharp drop in Q2 2020. Typically this would mean households had a sudden windfall, and can suddenly handle their debt […]

The post CMHC Finds Toronto and Vancouver Mortgage Debt Ratios Fall, But Not As It Seems appeared first on Better Dwelling.

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