Over 1 In 10 Canadians That Bought Real Estate In 2017, Borrowed Over $600,000

Looks like mortgage stress testing came just in time for Canadian real estate buyers. Canada Mortgage and Housing Corporation (CMHC) numbers via Equifax show more borrowers turned to huge mortgages in Q4 2018. The share of large mortgages far outgrew the pace of more modestly sized ones across the country.

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