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

There's a common theme among Canadians overwhelmed by debt

2/6/2024 | Posted in Financial Health by Jessi Sandhu

debt-payment-463.jpg - Real Estate News 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


Canadians' mortgage borrowing hits lowest level since 2003

6/15/2023 | Posted in Financial Health by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Canadians' mortgage borrowing has reached its lowest level since 2003, primarily due to the impact of higher interest rates, according to recent data released by Statistics ... More


Canada's debt rises as rates cut into households' cash flow

6/14/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

property-value-108.jpg - Real Estate News Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest ... 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


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


Interest rate cut now unlikely say economists

5/27/2019 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More


Household debt at a record high, senior mortgages increase

5/23/2019 | Posted in Financial Health by Jessi Sandhu

home-piggy-bank-251.jpg - Real Estate News Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC. ... More


Delinquency rates hold steady even as credit market grows

5/23/2019 | Posted in Financial Health by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More


Canadian Bankruptcies Jump At Fastest Pace Since Financial Crisis

5/14/2019 | Posted in Financial Health by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More


Household debt to have knock-on effect upon banks, economy

4/29/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Canadians now owe an average of $1.79 for every dollar of disposable income. ... More


48% of Canadians on brink of insolvency: Survey

4/22/2019 | Posted in Financial Health by Jessi Sandhu

worried-businessman-346.jpg - Real Estate News Sign of deteriorating financial stability for many people in the country. ... More


Bank of Canada to hold interest rates through 2020: TD Securities

3/15/2019 | Posted in Interest Rates by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More


Rising debts could see rise of second mortgages

3/14/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

debt-stress-frustration-98.jpg - Real Estate News Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water. ... More


Mortgage delinquencies on the rise

3/6/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

worried-businessman-346.jpg - Real Estate News More Canadians are running into serious issues with their mortgage payments according to a new report. ... More


Why Canadians are suffering a bankruptcy spike

2/25/2019 | Posted in Interest Rates by Jessi Sandhu

business-report-ideas-275.jpg - Real Estate News The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even negative ... More


The reason behind 40% of Ontarian insolvencies

2/20/2019 | Posted in Ontario News by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News 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

stressed-couple-244.jpg - Real Estate News An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency. ... More


Poloz buys borrowers more time but punishes savers

1/16/2019 | Posted in Interest Rates by Jessi Sandhu

stephen-poloz-bank-of-canada-45.jpg - Real Estate News What the Bank of Canada's decision to hold its key rate means for borrowers and savers. ... More


More people are going broke in Canada as interest rates rise

1/9/2019 | Posted in Financial Health by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth. ... More


CMHC issues warning

12/17/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ... More


Canadian Household Debt Growth Slows Down

12/7/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

household-debt-canada-89.jpg - Real Estate News Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada. ... More


Bank of Canada wants rates back to normal - what that means for your mortgage, line of credit

11/2/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

business-close-up-hand-269.jpg - Real Estate News The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017. ... More


Canadians should get used to idea of 3% interest rates

10/31/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

stephen-poloz-bank-of-canada-45.jpg - Real Estate News Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom ... More


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