Report warns homebuyer initiatives could increase household debt
The BoC governor said Monday that there are many possible variations on mortgage design
The market was already cooling when the test was introduced
Seasonally adjusted household credit market debt reached 178.5%
Regulator calls on mortgage brokers to help borrowers avoid making bad decisions
Prices grew by only about 3% in 2018, Fitch Ratings says
Rising interest rates and slower income and population growth led fewer Canadians to open new mortgages
Central bank report offers more details about the impacts of new guidelines and rising interest rates
But the growth rate of home equity lines of credit debt more than doubled
The national housing agency is providing more guidance to lenders