Homeowner borrowing declines each year as phasing out of mortgage tax deductions takes effect


Revenue Minister David Parker outlines the details of the policy limiting the deductibility of interest expense on residential real estate investments. Video / Mark Mitchell

Homeowners showed reluctance to buy residential rental properties in December and their borrowing share fell 7.9% a year, according to new research released today.

KPMG’s latest quarterly Financial Institutions Performance Survey highlighted

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