Canadian Home Equity Borrowing Grinds To A Sudden Halt
Canadians are suddenly not so hot on borrowing their home equity these days. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of loans secured by home equity, like HELOCs, made a very small increase in August. Growth has been falling due to the personal loan segment seeing slow growth. Business debt secured by home equity is higher than last year, but has also slowed over the past few months.
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
Article Written By: NA
Original Article Posted on: 20th October 2020
Link to Original Article: https://betterdwelling.com/canadian-home-equity-borrowing-grinds-to-a-sudden-halt/