Mortgage debt growth remains sluggish alongside weaker housing markets, StatsCan finds
Indebted consumers, slower economic growth, potential for recession are key factors in play
Consultation considers array of tools to address rising debt service risks
Provincial regulation increasingly tracks federal rules, but gaps remain
Lagging effects of higher rates to impact banks' bottom lines this year
Mortgage growth slowed but household credit card use is surging
TD expects the debt service ratio to hit a record high of 16.1% by the first quarter of 2024
Keeping buffers amid rising risks reflects prudence
OSFI keeps key mortgage stress test rate unchanged
The investment will allow IG advisors to integrate mortgages with financial plans