Free Trial

Mortgage debt for typical family 1999...>

CANADA DATA
CANADA DATA: Mortgage debt for typical family doubled between 1999 and 
2016 according to report Thursday from Statistics Canada.
-The median mortgage value rose to C$180k from C$91.9k in 
inflation-adjusted figures.
-Share of people who paid off their mortgage fell to 43% from 46% 
over this time.
-Mortgage debt is more concentrated among buyers aged 35-54
and in major cities.
-Higher home prices and low interest rates likely contributed to 
the growth of mortgage debt, StatsCan said.
-Mortgages accounted for 84% of the increase in household debt from 
1999-2016.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.