Canadians have record-high mortgage debt. What happens when rates rise?
New mortgage debt surged by the biggest amount on record in the spring of 2021. But with prices continuing to defy expectations, policy-makers and economists are left wondering: Where does it end?House prices have risen to record highs, and so, too, has the amount that Canadians are borrowing to finance them. (Ron Antonelli/Bloomberg)New numbers from…