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. ...
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Growth in home equity loan volume slowest since 2016: OSFI
10/23/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Slower borrowing might lead to less consumer spending that could further delay Canada's economic recovery ...
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What could a lack of elderly downsizers mean for Canada's housing market?
10/23/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Instead of downsizing, the majority of Canada's seniors are planning to live in their own homes for as long as possible ...
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Canadian home sales and prices set records again in September
10/15/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another record in September 2020. ...
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Bank regulator changes rules for mortgage deferrals starting now
8/31/2020 | Posted in Canada Living by Jessi Sandhu
Canada's federal banking regulator is phasing out requirements around mortgage deferrals for homeowners hard-hit financially by the COVID-19 pandemic. As of July 30, there ...
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That sinking feeling: Canadians losing faith in price index and that has central bankers worried
8/28/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada is starting to worry about inflation. Not because it sees any, mind. ...
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Canada cannot tax its way to housing affordability
8/18/2020 | Posted in Canada Living by Jessi Sandhu
"A home equity tax would be unfair and hurtful to Canadians during the best of times, but at this very moment – during a global pandemic – it is reckless", ...
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Property prices in Canada outstripped rest of G7 over the last 15 years - analysis
8/18/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The rate of residential investment to Canadian GDP has also swelled dramatically ...
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Insurers: Mortgage deferral extensions not on the table
8/17/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
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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Renovation Nation: Canadians spent $80 billion on their homes in 2019
8/11/2020 | Posted in Canada Living by Jessi Sandhu
Canadians spent an estimated $80 billion on renovations in 2019, and plan to take a bit of breather this year because of COVID-19. ...
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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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Disruption To Canada's Immigration In Pandemic Will 'Reverberate' Through Economy: RBC
6/1/2020 | Posted in Canada Living by Jessi Sandhu
COVID-19 has "for all intents and purposes shut down immigration." ...
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It's official - Canada's economy is in a recession, C.D. Howe says
5/3/2020 | Posted in Canada Living by Jessi Sandhu
Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday. ...
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Canada braces for higher mortgage defaults
4/21/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
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 of ...
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Canada's COVID-19 Economic Response Plan: Support for Canadians and Businesses
3/18/2020 | Posted in Canada Living by Jessi Sandhu
The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. ...
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Canada to close borders to most foreign nationals, except Americans
3/16/2020 | Posted in Canada Living by Jessi Sandhu
Prime Minister Justin Trudeau has announced the federal government will close its borders to most people who are not Canadian citizens or permanent residents as part of its ...
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How much does the average Canadian family earn?
2/27/2020 | Posted in Canada Living by Jessi Sandhu
In 2018, the median after-tax income of Canadian families and unattached individuals was $61,400. ...
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2/13/2020 | Posted in Rental Market by Jessi Sandhu
The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001. ...
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Canadian households to get short break from rising debt costs
12/31/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
TD economists says the cost of servicing debts should ease early in 2020 ...
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No recession in 2020 says Conference Board of Canada
12/18/2019 | Posted in Canada Living by Jessi Sandhu
There will be growth for the Canadian economy in the next two years as the country avoids recession. ...
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