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Did you know - there are 5.71 million mortgages in Canada, and $3 trillion in home equity nation-wide? That's a lot of lending - and 2015 was no exception, with 660,000 new home purchases. The action has been compiled by Mortgage Professionals Canada (formerly CAAMP) in their Annual State of the Residential Mortgage Market in Canada report - check out our handy infographic for the highlights!
A first-time homeowner and newbie investor, Penelope Graham is the quintessential millennial, navigating the world of personal finance and wealth management. A self-professed monetary policy nerd, she follows the often-controversial housing market closely and specializes in mortgage, credit card and personal finance news.
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