Monday, May 4th, 2026

Rising Mortgage Debt Can Correct Housing Market

Rising Mortgage Debt Can Correct Housing Market

Money is a limited resource. There is a reason why the Bank of Canada oversees the country’s monetary policy. If there’s enough liquidity in the market, people and businesses tend to borrow. Increased borrowing translates into spending and the resulting debt may turn into a long-term liability.

In the midst of a pandemic that has ravaged not only the Canadian economy but every developed and emerging market, the domestic housing sector seems to be swimming against the tide. It is creating wealth for sellers even as other sectors of the economy grapple, leading to a high unemployment rate of ...[READ MORE]

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