New mortgage rules to help ease rising debt levels: Bank of Canada.

Written by:  ptcnetcanada   |    |  December 19th 2016 05:34 AM   |  Updated: December 19th 2016 05:34 AM
New mortgage rules to help ease rising debt levels:  Bank of  Canada.

New mortgage rules to help ease rising debt levels: Bank of Canada.

Written by:  ptcnetcanada
Last Updated: December 19th 2016 05:34 AM
Share us

The Central Bank is expecting new mortgage rules to help ease a continued rise in household indebtedness that it says has left the country increasingly exposed to an economic shock.

The bank warned on Thursday that the still-climbing levels of debt and the growing proportion of highly indebted households in many cities amid low interest rates have lead to a larger weak spot in Canada's financial stability.

Share us

Top Stories

PTC Punjabi Canada
© 2025 PTC Network. All Rights Reserved. Powered by PTC Network