3/14/2023 | Posted in Mortgages and Real Estate by Eileen Farrow
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The latest data shows Canadians are spending 7.66% of their household disposable income on servicing their mortgage debt.

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  3/3/2023 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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One year after the Bank of Canada's aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate ... More

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  2/16/2023 | Posted in Interest Rates by Eileen Farrow
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Governor Tiff Macklem set an optimistic tone in a speech Thursday but kept it real with warnings about potential headwinds

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  2/8/2023 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Governor Tiff Macklem said the Bank of Canada needs to keep interest rates steady to avoid slowing the economy too much, defending his decision to pause hikes in remarks that ... More

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  2/2/2023 | Posted in Home Owners by Eileen Farrow
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As Canadian homeowners grapple with the Bank of Canada's flurry of interest rate hikes, one in three say they won't be able to handle higher rates for long before they ... More

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  1/27/2023 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts ... More

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  1/25/2023 | Posted in Mortgage News by Eileen Farrow
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Canada’s national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association.

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  12/2/2022 | Posted in Interest Rates by Eileen Farrow
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The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on ... More

Real Estate & Mortgage News

  11/3/2022 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank ... More

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  10/18/2022 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada is closely monitoring debt burdens being shouldered across the economy over concerns they could become a threat to financial stability as interest rates ... More

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  10/14/2022 | Posted in Canada Living by Eileen Farrow
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Many economists say a mild recession is on the cards as they look ahead to 2023.

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  10/7/2022 | Posted in Mortgage Interest Rates by Eileen Farrow
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Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ... More

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  9/21/2022 | Posted in Home Owners by Eileen Farrow
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Significant slowdown in housing, bond, and equity markets had a major influence on Q2 figures

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Real Estate & Mortgage News

  9/14/2022 | Posted in Interest Rates by Eileen Farrow
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TD Securities and Scotiabank's top economists think there’s more room to run for the Bank of Canada as it increases interest rates from the pandemic ... More

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  9/12/2022 | Posted in Canada Living by Eileen Farrow
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New data from Statistics Canada shows that Canadians are sliding deeper into debt.

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  9/7/2022 | Posted in Canada Living by Eileen Farrow
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Overall consumer debt hit a new record high in the second quarter and some people may be overwhelmed by inflation.

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Real Estate & Mortgage News

  8/17/2022 | Posted in Interest Rates by Eileen Farrow
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Bank of Canada still focused on bringing inflation down, say economists

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  7/13/2022 | Posted in Mortgages and Real Estate by Eileen Farrow
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.

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  7/5/2022 | Posted in Canadian HELOC by Eileen Farrow
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A much anticipated federal clampdown on a new mortgage product that sinks over-leveraged homeowners deeper into debt has fizzled.

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  6/14/2022 | Posted in Canadian Economy and Housing Market by Eileen Farrow
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Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes ... More

Real Estate & Mortgage News

  6/3/2022 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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One day after raising the key interest rate by 50 basis points to 1.5 per cent, the Bank of Canada is warning Canadians that rates could rise above previously targeted levels ... More

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  4/21/2020 | Posted in Canadian Economy and Housing Market by Eileen Farrow
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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

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  3/27/2020 | Posted in Financial Health by Eileen Farrow
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.

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Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

Real Estate & Mortgage News

  3/13/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

Real Estate & Mortgage News

  2/27/2020 | Posted in Mortgages and Real Estate by Eileen Farrow
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Eileen Farrow
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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

Real Estate & Mortgage News

  1/2/2020 | Posted in Canada Living by Eileen Farrow
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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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Real Estate & Mortgage News

  12/16/2019 | Posted in Financial Health by Eileen Farrow
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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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