Canadian residential mortgage debt hits $2.08 trillion: CMHC

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The report attributes the trend to inflation, rapidly rising interest rates and cooling housing markets

A person walks past multiple for-sale and sold real estate signs in Mississauga on Wednesday, May 24, 2023.Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt was $2.08 trillion as of January this year, up six per cent from January 2022.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive sports coverage by Bruce Garrioch, Ken Warren and Tim Baines, in-depth crime and news from Gary Dimmock and city life coverage from arts writers Lynn Saxberg and Peter Hum.

Ottawa Sun ePaper, an electronic replica of the print edition to view on any device, share and comment on.SUBSCRIBE TO UNLOCK MORE ARTICLESExclusive sports coverage by Bruce Garrioch, Ken Warren and Tim Baines, in-depth crime and news from Gary Dimmock and city life coverage from arts writers Lynn Saxberg and Peter Hum. Plus, daily newsletters and events.Ottawa Sun ePaper, an electronic replica of the print edition to view on any device, share and comment on.

 

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