Jessi Sandhu - Your Brampton Real Estate Agent
Financial Health News and Articles | My Blog
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Canadians sitting on largest cash hoard ever recorded: CIBC

11/18/2020 | Posted in Financial Health by Jessi Sandhu

The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded.

... More


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StatCan: Household debt service ratio sees record decline

9/15/2020 | Posted in Financial Health by Jessi Sandhu

But more challenging times could be on their way.

... More


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Some older personal finance rules may no longer apply, experts say

7/24/2020 | Posted in Financial Health by Jessi Sandhu

There are some financial maxims younger generations hear from well-intentioned parents and other figures in their lives, but experts say that many of those go-to personal ... More


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BoC: Household debt shows flat growth, while mortgage swells

7/9/2020 | Posted in Financial Health by Jessi Sandhu

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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Deferrals, government aid keeping household finances afloat

7/6/2020 | Posted in Financial Health by Jessi Sandhu

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


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Household debt ratio rises to 176.9%, Statistics Canada says

6/13/2020 | Posted in Financial Health by Jessi Sandhu

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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Insolvency rate reaches highest year-to-date level since 2010

5/20/2020 | Posted in Financial Health by Jessi Sandhu

Although COVID-19 has slowed down the rate of insolvency filings nationwide, the year-to-date total is still the highest in a decade, according to the Office of the ... More


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Mortgages take up largest slice of Canada's household debt

5/18/2020 | Posted in Financial Health by Jessi Sandhu

Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the ... More


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Millions of Canadians already missing payments due to COVID-19

3/27/2020 | Posted in Financial Health by Jessi Sandhu

The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.

... More


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Canadian reverse mortgage debt reaches nearly $4 billion

1/28/2020 | Posted in Financial Health by Jessi Sandhu

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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Canadian Household Borrowing Jumps By 31%, StatCan Says

12/16/2019 | Posted in Financial Health by Jessi Sandhu

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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Stats Can releases Q2 household debt data

9/14/2019 | Posted in Financial Health by Jessi Sandhu

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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Average Canadian household spent more on taxes than living costs in 2018, report finds

8/2/2019 | Posted in Financial Health by Jessi Sandhu

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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CRA issues warning about real estate investment schemes

6/11/2019 | Posted in Financial Health by Jessi Sandhu

A warning has been issued regarding investment schemes that promise tax write-offs by investing in real estate through limited partnerships.

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Household debt at a record high, senior mortgages increase

5/23/2019 | Posted in Financial Health by Jessi Sandhu

Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC.

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Delinquency rates hold steady even as credit market grows

5/23/2019 | Posted in Financial Health by Jessi Sandhu

The Canadian credit market has grown but it appears that consumers are generally managing their debt well.

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Canadian Bankruptcies Jump At Fastest Pace Since Financial Crisis

5/14/2019 | Posted in Financial Health by Jessi Sandhu

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


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48% of Canadians on brink of insolvency: Survey

4/22/2019 | Posted in Financial Health by Jessi Sandhu

Sign of deteriorating financial stability for many people in the country.

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More Canadians say they are at risk of insolvency

1/22/2019 | Posted in Financial Health by Jessi Sandhu

An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency.

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More people are going broke in Canada as interest rates rise

1/9/2019 | Posted in Financial Health by Jessi Sandhu

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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