Canadian Personal HELOC Growth Rate Nearly Triples In A Month

Canadians are back to using their homes as ATMs.

Canadian Personal HELOC Growth Rate Nearly Triples In A Month

Canadians are back to using their homes as ATMs. At least they were, during the first month of the pandemic. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of loans secured by home equity reached a new high in March. The record is less surprising than the annu…

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