Jessi Sandhu - Your Brampton Real Estate Agent
Canadian Debt News and Articles | My Blog

Canadians sitting on largest cash hoard ever recorded: CIBC

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

cibc-office-250.jpg - Real Estate News The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded. ... More


StatCan: Household debt service ratio sees record decline

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

property-value-108.jpg - Real Estate News But more challenging times could be on their way. ... More


Household debt ratio rises to 176.9%, Statistics Canada says

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

marketing-analysys-104.jpg - Real Estate News The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level. ... More


Canada is headed for a 'deferral clif'

5/25/2020 | Posted in Canadian Housing Market by Jessi Sandhu

cmhc-news-7.jpg - Real Estate News Why does CMHC's Evan Siddall think Canada is headed for a 'deferral cliff'? ... More


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

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

stressed-couple-244.jpg - Real Estate News 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 Superintendent ... More


Mortgages take up largest slice of Canada's household debt

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

real-estate-market-growth-125.jpg - Real Estate News 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 Bank ... 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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