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Financial Optimism Linked to Mortgage Size
Think you’re going to be materiallybetter off in the next two years? Odds are, you’ll get a bigger mortgage than someone who doesn’t. That’s StatsCan’s finding in this just-releasedstudy. “Families with positive expectations about their financial situation…held about $27,900more in mortgage debt than other comparable families during the period from1999to2016,” StatsCan said. That’s like a 38% bigger mortgage. The more...