10/7/2023 | Posted in Mortgages and Real Estate by Russell Pearsall
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Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated.
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9/4/2023 | Posted in Financial Health by Russell Pearsall
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Higher living costs are pushing more and more Canadians into debt, according to a new report.
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6/27/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Economists weigh in on the possibilities for the central bank’s policy rate
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6/15/2023 | Posted in Financial Health by Russell Pearsall
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Canadians' mortgage borrowing has reached its lowest level since 2003, primarily due to the impact of higher interest rates, according to recent data released by Statistics ... More
6/14/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest
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6/1/2023 | Posted in Financial Health by Russell Pearsall
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Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023.
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5/25/2023 | Posted in Financial Health by Russell Pearsall
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The federal housing agency has revealed the latest industry trends
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1/28/2020 | Posted in Financial Health by Russell Pearsall
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Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More
1/2/2020 | Posted in Canada Living by Russell Pearsall
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Most Canadians held back from increasing their debt burden in 2019 and 1 in 5 say debt repayment is their top financial priority for 2020.
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12/31/2019 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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TD economists says the cost of servicing debts should ease early in 2020
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12/16/2019 | Posted in Financial Health by Russell Pearsall
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Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more.
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9/19/2019 | Posted in Canadian Economy and Housing Market by Russell Pearsall
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The average Canadian household was worth less in 2018 than in the previous year.
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9/14/2019 | Posted in Financial Health by Russell Pearsall
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Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row.
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9/4/2019 | Posted in Interest Rates by Russell Pearsall
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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy.
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8/20/2019 | Posted in Interest Rates by Russell Pearsall
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says.
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8/2/2019 | Posted in Financial Health by Russell Pearsall
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The average Canadian household paid nearly $40,000 in taxes last year, more than the combined cost of clothing, food and shelter, according to a new report.
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