6/11/2021 | Posted in Canada Living by Russell Pearsall
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The net worth of Canadian households rose sharply in the first quarter, as the value of residential real estate accelerated by a record amount in the three-month period.
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5/21/2021 | Posted in Canadian Economy and Housing Market by Russell Pearsall
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The Bank of Canada says its concerns are mounting that households are piling on too much debt and posing what the central bank says is a key vulnerability to the economy.
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12/11/2020 | Posted in Financial Health by Russell Pearsall
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Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday.
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11/18/2020 | Posted in Financial Health by Russell Pearsall
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The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded.
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11/3/2020 | Posted in Canada Living by Russell Pearsall
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Canadian consumers are running out of cash, according to TransUnion.
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10/13/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule.
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10/8/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth.
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10/3/2020 | Posted in Canadian Housing Market by Russell Pearsall
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The strength of the Canadian real estate market has proven itself time and again during the pandemic
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9/15/2020 | Posted in Financial Health by Russell Pearsall
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But more challenging times could be on their way.
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8/30/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion.
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8/17/2020 | Posted in Mortgages and Real Estate by Russell Pearsall
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Mortgage insurers are not signalling enthusiasm towards the extension of six-month payment deferrals, according to an analysis by The Financial Post.
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8/12/2020 | Posted in Canadian Economy and Housing Market by Russell Pearsall
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More
7/9/2020 | Posted in Financial Health by Russell Pearsall
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank.
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7/6/2020 | Posted in Financial Health by Russell Pearsall
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Data from the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that federal fiscal support and payment deferrals are helping households retain their purchasing ... More
6/13/2020 | Posted in Financial Health by Russell Pearsall
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level.
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5/30/2020 | Posted in Canadian Economy by Russell Pearsall
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The Canadian economy took a historic dive in March as the country imposed lockdown measures to curb the spread of COVID-19 – and worse results are expected for ... More
4/21/2020 | Posted in Canadian Economy and Housing Market by Russell Pearsall
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More
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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12/3/2019 | Posted in Canada Living by Russell Pearsall
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Contribution room accumulates beginning in the year in which a person turns 18
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10/30/2019 | Posted in Interest Rates by Russell Pearsall
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%.
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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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