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Daily Archives: October 10, 2024

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Canadians Are Pulling Back On Borrowing… Why?

Posted on October 10, 2024
By Eric MajdalaniMortgage Real Estate
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Are you ready to read alot of numbers? Canadians continued to rein in borrowing for the second straight quarter, according to recent data from Statistics Canada. Household credit market borrowing slowed slightly to $25.1 billion. The slowdown was largely driven by a decline in consumer credit lending, which fell from $7.8 billion in the first…

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  • Like Parents Like Children – Co-Signing A Mortgage For Their First Home
  • Are Condos A Reason Why Canada’s Real Estate Market Has Dropped Off?
  • It’s Not Just Politics… Other Expenses Keeping Canadians Away From Spending on Housing
  • Why The Iran War is Making Mortgage Renewal feel like a ‘roller-coaster’
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