More Canadians only making minimum payment on credit cards: TransUnion
5/29/2024 | Posted in Financial Health by Jessi Sandhu
A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ...
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Canadian banks expected to tighten home equity line of credit access
4/30/2020 | Posted in Canadian HELOC by Jessi Sandhu
Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for ...
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Canadian mortgage performance to remain stable in 2020
12/18/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings. ...
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Canadian home sales rise again in May 2019
6/17/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed further in May 2019. ...
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OSFI increases domestic buffer to 2% amid household debt risk
6/6/2019 | Posted in GTA Real Estate by Jessi Sandhu
Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks. ...
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Delinquency rates hold steady even as credit market grows
5/23/2019 | Posted in Financial Health by Jessi Sandhu
The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ...
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