3/5/2024 | Posted in Financial Health by Eileen Farrow
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Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023.

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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

  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

  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

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  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

  9/14/2019 | 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

  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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Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Eileen Farrow
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC.

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Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Eileen Farrow
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well.

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Real Estate & Mortgage News

  5/14/2019 | Posted in Financial Health by Eileen Farrow
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Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Real Estate & Mortgage News

  4/29/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Canadians now owe an average of $1.79 for every dollar of disposable income.

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Real Estate & Mortgage News

  4/22/2019 | Posted in Financial Health by Eileen Farrow
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Sign of deteriorating financial stability for many people in the country.

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Real Estate & Mortgage News

  3/15/2019 | Posted in Interest Rates by Eileen Farrow
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

Real Estate & Mortgage News

  3/14/2019 | Posted in Mortgages and Real Estate by Eileen Farrow
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Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water.

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Real Estate & Mortgage News

  3/6/2019 | Posted in Mortgages and Real Estate by Eileen Farrow
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More Canadians are running into serious issues with their mortgage payments according to a new report.

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Real Estate & Mortgage News

  2/25/2019 | Posted in Interest Rates by Eileen Farrow
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even ... More

Real Estate & Mortgage News

  2/20/2019 | Posted in Ontario News by Eileen Farrow
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A recent report reveals desperate measures of indebted consumers in Ontario.

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Real Estate & Mortgage News

  1/22/2019 | Posted in Financial Health by Eileen Farrow
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency.

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Real Estate & Mortgage News

  1/16/2019 | Posted in Interest Rates by Eileen Farrow
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What the Bank of Canada's decision to hold its key rate means for borrowers and savers.

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Real Estate & Mortgage News

  1/9/2019 | Posted in Financial Health by Eileen Farrow
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.

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Real Estate & Mortgage News

  12/17/2018 | Posted in Canadian Economy and Housing Market by Eileen Farrow
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average.

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Real Estate & Mortgage News

  12/7/2018 | Posted in Canadian Economy and Housing Market by Eileen Farrow
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Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada.

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Real Estate & Mortgage News

  11/2/2018 | Posted in Canadian Economy and Housing Market by Eileen Farrow
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The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017.

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