May 29, 2024

Scotiabank says variable-rate mortgage clients “showing signs of stress”

Scotiabank says high interest rates are increasingly weighing on consumers, resulting in a credit deterioration among its variable-rate mortgage customers.  Scotiabank says high interest rates are increasingly weighing on consumers, resulting in a credit deterioration among its variable-rate mortgage customers.  Mortgage Rates & Mortgage Broker News in Canada 

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Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

CMHC says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4% year-over-year and representing the slowest growth in 23 years.  CMHC says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4% year-over-year and representing the slowest growth in 23 years.  Mortgage Rates

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