Canada could beef up mortgage stress rules, report suggests
A BoC paper suggests that if the beneficiaries of weak rules outnumber the likely casualties, regulatory failure can arise
National home prices skyrocketed to an average $716,585 last month
The rating agency sees conditions deteriorating as life, and spending habits, return to normal
Buyers are looking to enter the market before interest rates rise
High debt levels mean rate hikes will take a bite out of budgets
Mortgage borrowing jumps amid low rates, tougher rules
Overall consumer debt now stands at $2.15 trillion
Strong mortgage borrowing drives liabilities to over $2.5 trillion in May
Mortgage borrowing saw its largest month-over-month increase in April