7/14/2024 | Posted in Financial Health by Eileen Farrow
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With interest rates and borrowing costs at elevated levels, it’s more important than ever to ensure your credit report is in good standing.

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Real Estate & Mortgage News

  5/29/2024 | Posted in Mortgages and Real Estate by Eileen Farrow
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Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

Real Estate & Mortgage News

  5/29/2024 | Posted in Financial Health by Eileen Farrow
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A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More

Real Estate & Mortgage News

  3/14/2024 | Posted in Financial Health by Eileen Farrow
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Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head.

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Real Estate & Mortgage News

  2/6/2024 | Posted in Financial Health by Eileen Farrow
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Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.

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Real Estate & Mortgage News

  1/25/2024 | Posted in Mortgages and Real Estate by Eileen Farrow
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Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

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Real Estate & Mortgage News

  1/19/2024 | Posted in Interest Rates by Eileen Farrow
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The Bank of Canada is likely to leave its overnight rate unchanged in its first decision of 2024, according to new forward guidance by the Royal Bank of Canada.

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Real Estate & Mortgage News

  9/4/2023 | Posted in Financial Health by Eileen Farrow
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Higher living costs are pushing more and more Canadians into debt, according to a new report.

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Real Estate & Mortgage News

  6/28/2023 | Posted in Canada Living by Eileen Farrow
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Inflation cooled on a month-over-month basis in May, but one factor that has been unrelenting in driving the consumer price index higher is mortgage interest costs — and ... More

Real Estate & Mortgage News

  6/27/2023 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Economists weigh in on the possibilities for the central bank’s policy rate

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Real Estate & Mortgage News

  6/15/2023 | Posted in Financial Health by Eileen Farrow
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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

Real Estate & Mortgage News

  6/14/2023 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest

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Real Estate & Mortgage News

  6/1/2023 | Posted in Financial Health by Eileen Farrow
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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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Real Estate & Mortgage News

  5/25/2023 | Posted in Financial Health by Eileen Farrow
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The federal housing agency has revealed the latest industry trends

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Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  9/19/2019 | Posted in Canadian Economy and Housing Market by Eileen Farrow
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The average Canadian household was worth less in 2018 than in the previous year.

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Real Estate & Mortgage News

  9/14/2019 | Posted in Financial Health by Eileen Farrow
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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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Real Estate & Mortgage News

  8/20/2019 | Posted in Interest Rates by Eileen Farrow
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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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Real Estate & Mortgage News

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.

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Real Estate & Mortgage News

  6/6/2019 | Posted in GTA Real Estate by Eileen Farrow
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Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks.

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Real Estate & Mortgage News

  5/29/2019 | Posted in Interest Rates by Eileen Farrow
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The Bank of Canada today maintained its target for the overnight rate.

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Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by Eileen Farrow
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts.

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