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720,000 homes account for 1/5th of household debt

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Ephraim Vecina | 04 Mar 2016, 08:19 AM Agree 0
Bank of Canada warns that currently record-high levels of household debt could amplify the effects of a recession
  • Derek | 04 Mar 2016, 11:33 AM Agree 0
    How much of that debt is actually foreign debt . The Big Banks lend to foreigners which have spent millions on home helping to inflate the Vancouver and GTA markets . I would like to know how much of that money actually mortgage monies held by Foreigners not Canadians .
    The USA does not lend money to Foreigners to buy residential properties why does Canada do it. Are we really that indebted ,my thought is once again the Federal government has messed things up .
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