Canadians owe more than $2 trillion in mortgage-related debts, CMHC says

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada's key interest rate — but the slowdown likely won't last, according to Canada's housing agency.

Canadians owe more than $2 trillion in mortgage-related debts, CMHC says
A picture of a house with a for sale sign on the front lawn.

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada's key interest rate — but the slowdown likely won't last, according to Canada's housing agency.