{"id":493114,"date":"2024-09-19T15:48:04","date_gmt":"2024-09-19T19:48:04","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=493114"},"modified":"2024-09-19T15:48:04","modified_gmt":"2024-09-19T19:48:04","slug":"summertime-mortgage-borrowing-heated-up","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/research-and-markets\/summertime-mortgage-borrowing-heated-up\/","title":{"rendered":"Summertime mortgage borrowing heated up"},"content":{"rendered":"<p>Household borrowing continued to rise in July, according to new data from Statistics Canada.<\/p>\n<p>The national statistical agency reported that total household credit liabilities were up by 0.3% ($8.3 billion) in July, to $2.975 trillion.<\/p>\n<p>Household mortgage debt grew by 0.3% in the month, which StatCan noted marked &#8220;a slight acceleration compared with June&#8221; when mortgage borrowing rose by 0.2%.<\/p>\n<p>Other kinds of borrowing also increased by 0.3% in July, rising $2.5 billion, the agency said.<\/p>\n<p>However, this marked a slight slowdown in the growth rate for non-mortgage debt, as these liabilities rose by 0.4% in June.<\/p>\n<p>StatCan said home equity lines of credit edged up by 0.2% in the month, and credit card debt was up by 0.3%, which represented a deceleration from the growth rates reported for June.<\/p>\n<p>The other forms of non-mortgage borrowing rose by 0.4% in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Growth in credit card balances, HELOCs slowed as mortgages gained, StatCan says<\/p>\n","protected":false},"author":147314,"featured_media":411154,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2313,2312],"tags":[52751,2693,2395,2321,2637,2936,2389,87290],"yst_prominent_words":[70530,65759,56682,41131,37538,31598,17257,15536,11433,9281,8793,6365,5275,5077,5073,4878,4146],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/493114"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/147314"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=493114"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/493114\/revisions"}],"predecessor-version":[{"id":493138,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/493114\/revisions\/493138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media\/411154"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=493114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=493114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=493114"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=493114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}