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

Author: ExternaL AuthorR | | Categories: Best Mortgage Rates , First Time Home Buyer , Home Mortgage Purchase , Mortgage For Purchase , Mortgage Pre Approval , Mortgage Refinance , Mortgage Renewal , Mortgage Services , Mortgage Specialist

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 […]

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Original Article Source Credits: betterdwelling,

Article Written By: Stephen Punwasi

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