Link: (Reporting by Fergal Smith)
TORONTO, May 12 (Reuters) - Canadian mortgage lending
conditions tightened sharply in the first quarter of the year,
data from the Bank of Canada's Senior Loan Officer Survey showed
on Friday.
The measure of mortgage lending conditions rose to 35.62 in
the first quarter from -3.87 in the final three months of 2022,
while non-mortgage lending was at 11.63, up from 3.62.
The survey collects information on the lending practices of
Canadian financial institutions. A positive number implies a net
tightening of conditions.
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