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Mortgage Calculator

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or enter the amount you want to pay per month and find out what size of mortgage you can afford.

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At last count, the average consumer had $25,163 of non-mortgage household debt....

At last count, the average consumer had $25,163 of non-mortgage household debt. The average household carried an additional $74,667 in mortgage debt.

Revolving credit has been a primary driver in overall indebtedness levels, jumping 17.5% year-over-year (as of the most recent figures from TransUnion).
 
Mortgage credit rose 7.6% annually over a similar timeframe. CIBC says that figure is closer to 7% now, and is estimated at 5% for 2011.
 
Looking forward, the growth rate for mortgage debt will slow as home prices moderate and interest rates climb. The government’s new mortgage restrictions will curb volume even more.
 
Click here for the full story from CanadaMortgageTrends.com.
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