From the globe and mail
The rate at which Canadians have been racking up new mortgage debt has slowed in recent months, lending credence to the theory that the country’s housing market will hold up, Canada Mortgage and Housing Corp. suggests.Here is how it looks. It has not "significantly decelerated."
“The level of household debt remains a concern but there are encouraging signals,” it said.
The growth of mortgage debt has significantly decelerated since March, particularly in recent months, it said.