More than half of Canadian homeowners are struggling with debt, and two in 10 said they have been using credit cards or borrowing to pay off other debt, a recent report suggests.
The report issued by the Canada Mortgage and Housing Corporation (CMHC) is based on a survey of nearly 4,000 participants, as first reported by Blacklock’s Reporter. The goal of the survey was to track the behaviours and attitudes of homebuyers regarding both homeownership and the process of obtaining a mortgage.
