Jessi Sandhu - Your Brampton Real Estate Agent
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Mortgage renewals could cause severe downturn

10/7/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

worried-businessman-346.jpg - Real Estate News Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated. ... More


Household debt levels set new record high in Q2

9/4/2023 | Posted in Financial Health by Jessi Sandhu

debt-payment-463.jpg - Real Estate News Higher living costs are pushing more and more Canadians into debt, according to a new report. ... More


Canadians' mortgage borrowing hits lowest level since 2003

6/15/2023 | Posted in Financial Health by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News 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


Canada's debt rises as rates cut into households' cash flow

6/14/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

property-value-108.jpg - Real Estate News Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest ... More


Canadian consumer debt hits all-time high, reaching $2.32 trillion in Q1 2023: TransUnion

6/1/2023 | Posted in Financial Health by Jessi Sandhu

debt-stress-frustration-98.jpg - Real Estate News 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. ... More


Canada's residential mortgage debt now $2.08trn, says CMHC

5/25/2023 | Posted in Financial Health by Jessi Sandhu

debt-payment-463.jpg - Real Estate News The federal housing agency has revealed the latest industry trends ... More


Canadian reverse mortgage debt reaches nearly $4 billion

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

debt-payment-463.jpg - Real Estate News Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More


Canadians are cutting back on debt amid fears of recession

1/2/2020 | Posted in Canada Living by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News 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. ... More


Canadian Household Borrowing Jumps By 31%, StatCan Says

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

worried-businessman-346.jpg - Real Estate News 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. ... More


Canadians' wealth reduced as real estate gains are erased

9/19/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

property-value-108.jpg - Real Estate News The average Canadian household was worth less in 2018 than in the previous year. ... More


Stats Can releases Q2 household debt data

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

business-close-up-hand-269.jpg - Real Estate News 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. ... More


Bank of Canada reveals latest interest rate decision

9/4/2019 | Posted in Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More


A Bank of Canada rate cut as early as September

8/20/2019 | Posted in Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More


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

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

cra-70.jpg - Real Estate News 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. ... More


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