Canadians Are Borrowing Against Real Estate At The Fastest Pace Ever

Authored by Daniel Wong via,
Canadian real estate prices have soared, and so did borrowing against that value.
Our analysis of domestic bank filings from the Office of the Superintendent of Financial Institutions (OSFI) shows that loans secured against property has reached an all-time high. More surprising is the unprecedented rate of growth experienced this year.

This post was published at Zero Hedge on Sep 4, 2017.