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HELOC Crazy Canadians Are Cooling Their Borrowing Sprees

Don’t worry, Canadians are still using their homes as ATMs. Office of the Superintendent of Financial Institutions (OSFI) filings show a new debt record in April. The balance of loans secured by residential real estate reached an all-time high. While the segment of debt is slowing in growth, it’s growing faster than national home prices. […]

The post HELOC Crazy Canadians Are Cooling Their Borrowing Sprees appeared first on Better Dwelling.

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