Consumer confidence is suffering an unprecedented decline
4/15/2020 | Posted in Canada Living by Jessi Sandhu
Nearly four-fifths of Canadians expect the economy to worsen over the next few months. ...
More
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
Canadian consumer confidence takes unprecedented slump
3/19/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic. ...
More
Canadians are cutting back on debt amid fears of recession
1/2/2020 | Posted in Canada Living by Jessi Sandhu
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
Mortgage interest cost index slows but cost of living remains higher
10/21/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The cost of living was higher across many products and services in September. ...
More
Canadians' wealth reduced as real estate gains are erased
9/19/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The average Canadian household was worth less in 2018 than in the previous year. ...
More
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. ...
More
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. ...
More
The reason behind 40% of Ontarian insolvencies
2/20/2019 | Posted in Ontario News by Jessi Sandhu
A recent report reveals desperate measures of indebted consumers in Ontario. ...
More
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. ...
More
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. ...
More
TFSA Limit Rises to $6,000 for 2019
12/6/2018 | Posted in Financial Health by Jessi Sandhu
The TFSA contribution limit for 2019 is $6,000, up from $5,500 in 2018. ...
More
Confidence in the economy, real estate is growing
8/21/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances. ...
More
Generation X is 'stretched beyond their financial limits' and struggling to save for retirement
5/13/2018 | Posted in Financial Health by Jessi Sandhu
Members of Generation X (aged 37 to 52) are finding it hard to save, and the tighter timeline is causing them stress, a Franklin Templeton report finds. ...
More
Households struggle as lenders hike rates
1/15/2018 | Posted in Mortgage Interest Rates by Jessi Sandhu
If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ...
More
Canada debt-to-household-income ratio grows to 171% - StatsCan
1/10/2018 | Posted in Financial Health by Jessi Sandhu
The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ...
More
Home values boost Canadian family net worth
12/8/2017 | Posted in Financial Health by Jessi Sandhu
Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ...
More
Canadians already feeling mounting pressure from higher interest rates
10/24/2017 | Posted in Financial Health by Jessi Sandhu
According to the results of a new poll conducted by a leading insolvency firm, fully one-third of Canadians indicated that they are already feeling the pinch of increasing ...
More
BoC Rate Increase got Consumers Worried
9/29/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ...
More
1 million Canadians would struggle with interest rate rise
9/24/2017 | Posted in Financial Health by Jessi Sandhu
Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise. ...
More
Canadian borrowing grows at its fastest pace since 2010: BoC
9/22/2017 | Posted in Financial Health by Jessi Sandhu
Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication. ...
More
Canadian debt-to-disposable income load rises in Q2
9/19/2017 | Posted in Financial Health by Jessi Sandhu
In its latest data release, Statistics Canada announced that the amount Canadians owed compared with their disposable income climbed higher in the second quarter. ...
More
Bank of Canada Rate Increase - Consumer Impact
9/12/2017 | Posted in Financial Health by Jessi Sandhu
Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate. ...
More
Ontarians are piling up non-mortgage debt
9/6/2017 | Posted in Financial Health by Jessi Sandhu
Debt levels in Ontario are outpacing the other provinces while those in Western Canada are declining – and it’s not just home loans. ...
More
Taxes - the average Canadian family's largest expense
8/24/2017 | Posted in Financial Health by Jessi Sandhu
With home prices rising across the country, many would assume that housing costs (including rent and mortgage payments) are the most expensive budget item for the average Canadian ...
More
Record household debt to add pressure to credit cards in next downturn: Moodys
8/23/2017 | Posted in Financial Health by Jessi Sandhu
Unprecedented household debt levels will give Canadians a rude awakening on their unpaid credit card bills if another economic downturn materializes in the coming years, according ...
More
Governments "hypocritical" over household debt says Fraser Institute
7/19/2017 | Posted in Financial Health by Jessi Sandhu
The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says. ...
More
Household debt could hit unprecedented levels in 4 years
6/23/2017 | Posted in Financial Health by Jessi Sandhu
Canadian household debt is rising and is set to keep rising despite expected increases in interest rates; and that worries the Parliamentary Budget Officer. ...
More
Mortgage delinquency rates low in Toronto, Vancouver despite high prices: CMHC
6/14/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ...
More
Young Canadians still bullish on housing
6/13/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu
Millenials are confident in their financial future and in the housing market, according to a new study. ...
More
At Your Service
Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and we'll get back to you promptly.