15 Nov Mortgage risks fading thanks to higher rates, tougher rules.
Original article via Globe and Mail. Click here to read.
The Bank of Canada is releasing data today that provides a closer look at just how much stricter mortgage rules and higher interest rates have helped slow the growth of new highly indebted households.
The central bank is on a clear rate-hiking path and the pace of future increases hinges significantly on the ability of households — particularly those with high levels of debt — to adapt to higher borrowing costs.