Canadian households may have trade jitters, but that isn’t stopping them from borrowing. Household debt climbed 0.2% (+$6.2 billion) to reach $3.04 trillion in February—double 2019’s growth rate. Mortgage credit drove 84% of the month’s increase, indicating refinancing and new housing are making up for the lack of existing home sales. While slower than the zero-rate frenzy, credit expansion is moving with pre-pandemic norms. https://betterdwelling.com/canadian-household-debt-grew-2x-faster-than-pre-2020-driven-by-mortgages/