Where are the most mortgage-free homeowners in Canada?
5/30/2024 | Posted in Home Owners by Jessi Sandhu
A recent study on Statistics Canada data shines light on trend ... More
There's a common theme among Canadians overwhelmed by debt
2/6/2024 | Posted in Financial Health by Jessi Sandhu
Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them. ... More
Housing affordability has improved but there's no quick fix, says RBC
9/29/2023 | Posted in Canada Living by Jessi Sandhu
Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to RBC. ... More
Household debt levels set new record high in Q2
9/4/2023 | Posted in Financial Health by Jessi Sandhu
Higher living costs are pushing more and more Canadians into debt, according to a new report. ... More
Rising mortgage interest costs now biggest factor driving inflation - and they're not done yet
6/28/2023 | Posted in Canada Living by Jessi Sandhu
Inflation cooled on a month-over-month basis in May, but one factor that has been unrelenting in driving the consumer price index higher is mortgage interest costs — and the ... More
Housing affordability in Canada just saw the biggest improvement in almost 4 years
6/3/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Stable interest rates and a continued cooling in home prices helped give housing affordability in Canada its biggest jump in almost four years in the first quarter of 2023, ... More
Canada braces for higher mortgage defaults
4/21/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
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
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
12/3/2019 | Posted in Canada Living by Jessi Sandhu
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
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
The average Canadian household was worth less in 2018 than in the previous year. ... More
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