Canadian Mortgage Approvals For Over-Leveraged Borrowers Soars To A Record High

Author: External Author | | Categories: Bad Credit Mortgage , Best Mortgage Rates , Debt Consolidation , First-Time Home Buyer , Investment Property Mortgage , Licensed Mortgage Agent , Lowest Mortgage Rates , Mortgage Broker , Mortgage Calculator , Mortgage Financing , Mortgage Pre-Approval , Mortgage Renewal , Refinance Mortgage , Second Mortgage

Canada’s banking regulator is seeing a spike in highly indebted mortgage borrowers. The Office of the Superintendent of Financial Institutions (OSFI) observed renewed growth in the exposure of mortgages to “over-leveraged” households in Q4 2020. Low interest rates are fueling rapid growth in borrowing — for both quantity and size. The share of mortgages going to over-leveraged borrowers blew past the pre-B-20 highs. It now sits at the highest share of originations on record.

Read More
Original Article Source Credits: Better Dwelling,

Article Written By: NA

Original Article Posted on: 

Link to Original Article:

Read More Blog Articles