Canadians Go On ‘Spending Binge’ Borrowing Against Their Homes

Rising house prices are making some Canadian homeowners feel like lottery winners, and an increasing number of them are taking their "winnings" in the form of a loan against their home.

That's raising concerns that Canadians may be staking too much of their financial future on rising house prices.

Home equity lines of credit (HELOCs), or second mortgages, saw a sudden spike in Canada over the past two years, according to data analyzed by National Bank of Canada. The bank estimates

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