OTTAWA — 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.
"As homeowners find it more difficult to manage their monthly budgets, policymakers and the financial sector are on high alert when considering risks to the financial industry and the economy." "Lenders are foreseeing potential rate cuts by the occurring sooner than they anticipated last year and are seeking to lock in mortgages at relatively high rates," the report said.
In the fourth quarter of 2023, those banks' share grew 11.8 percentage points from last year, driven by increases in refinances and renewals. Other chartered banks and credit unions recorded decreases of 6.9 and 3.1 percentage points, respectively.“Drag is joy, but it’s under attack. Our very existence, our self-expression, our art — all of it is being threatened. And we’ve had enough.”NEW YORK — U.S.
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