Jessi Sandhu - Your Brampton Real Estate Agent
Canadian Households 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


Canadian Households With Budget Shortfalls Have 8 Weeks Of Funds Left

11/3/2020 | Posted in Canada Living by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Canadian consumers are running out of cash, according to TransUnion. ... More


One in five deferred mortgages likely to go into default: RBC

10/13/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Approximately 11% of Canadian borrowers have not returned to a regular payment schedule. ... More


Pace of Canadian mortgage credit growth is slowing

10/8/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More


Why all the fear mongering by the CMHC over Canadian home prices?

10/3/2020 | Posted in Canadian Housing Market by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News The strength of the Canadian real estate market has proven itself time and again during the pandemic ... 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


Mortgage payment deferrals reach $247bn

8/30/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgages-475.jpg - Real Estate News Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion. ... More


Insurers: Mortgage deferral extensions not on the table

8/17/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Mortgage insurers are not signalling enthusiasm towards the extension of six-month payment deferrals, according to an analysis by The Financial Post. ... More


CMHC head pleads with Canadian banks to avoid risky mortgages

8/12/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

mortgages-475.jpg - Real Estate News The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More


BoC: Household debt shows flat growth, while mortgage swells

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

mortgages-475.jpg - Real Estate News Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More


Deferrals, government aid keeping household finances afloat

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

senior-couple-calculating--taxes--debt-462.jpg - Real Estate News 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


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's economy saw record decline in March, with worse numbers forecast for April

5/30/2020 | Posted in Canadian Economy by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News The Canadian economy took a historic dive in March as the country imposed lockdown measures to curb the spread of COVID-19 – and worse results are expected for April. ... More


Canada braces for higher mortgage defaults

4/21/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

laptop-research-453.jpg - Real Estate News 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 ... 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


2020 TFSA limit announced

12/3/2019 | Posted in Canada Living by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News Contribution room accumulates beginning in the year in which a person turns 18 ... More


Bank of Canada announces interest rate decision

10/30/2019 | Posted in Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ... 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


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