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

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

A real estate sign is posted outside a home in Pointe-Claire, a city in Montreal's West Island, Tuesday, May 7, 2024. THE CANADIAN PRESS/Christinne Muschi

The report also shows the national mortgage delinquency rate hit 0.17 per cent in the fourth quarter of last year, still near historic lows, but trending up for the first time since the beginning of the pandemic.Car manufacturer Nissan has issued a do-not-drive warning for some older vehicles equipped with Takata airbag inflators, due to the risk of explosion during a crash.

Neuralink, Elon Musk's brain-chip company, aims to enroll three patients to evaluate its device in a study expected to take several years to complete.Harvey Weinstein is expected to appear before a judge Wednesday afternoon in the same New York City courthouse where former U.S. president Donald Trump is on trial.Jon Bon Jovi has confirmed that his son, Jake, has married British actress Millie Bobby Brown at an intimate ceremony.

IAMGOLD’s Cote Gold open pit mine, located off Highway 144 between Timmins and Sudbury, had its official ribbon-cutting ceremony this week as production ramps up.A new list of Canada’s most affordable cities has been released and not a single community in British Columbia cracked the top 15.Anonymous website calls for BC United's Kevin Falcon to resign

 

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