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While total borrowing for real estate rises, Canadians are paying more against principal than in interest for first time since 1990. (Brett Gundlock/ Boreal Collective For The Globe and Mail)
While total borrowing for real estate rises, Canadians are paying more against principal than in interest for first time since 1990. (Brett Gundlock/ Boreal Collective For The Globe and Mail)

Canada's home prices driving up mortgage debt Add to ...

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Canadians amassed more mortgage debt in the first quarter, despite Ottawa’s attempts to cool the country’s hottest housing markets and ensure homeowners could handle their loans.

Total mortgage debt rose to $1.34-trillion in the first three months of the year from $1.33-trillion in the previous quarter, according to Statistics Canada’s national balance-sheet report released on Wednesday.

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