Equifax Reports Average New Mortgage Size Surges 18%
Equifax reports that borrowers, on average, are taking out mortgages to the tune of $360,000 as of the 3rd quarter.
December 2, 2021
Tag: Debt
Who pays bills more regularly? Homeowners or non-homeowners?
While Canadian homeowners have on average $359,597 in mortgage debt, they are still generally dealing better with the costs of living than non-owners, according to a…
September 10, 2021
2020 Mortgage Forecasts: Defaults to Jump, Originations to Tumble, Sales to “Suffer”
There’s no doubt that Canada’s mortgage and real estate industries will suffer in the short term due to the impacts of the coronavirus pandemic. But how long…
May 5, 2020
Canadians are using their homes to get lines of credit, and that could be a problem
As property values have soared, Canadians have been increasingly securing loans through home equity lines of credit or HELOCs which let borrowers tap into the value…
March 3, 2019
More Canadians are unable to fulfill their financial obligations
A growing number of Canadians are finding it difficult to pay off their financial accountabilities, according to a report by the Office of the Superintendent of…
February 5, 2019
High-cost debt to bring additional pain to an already burdened public
Amid a spate of interest rate hikes and increasing cautiousness among borrowers, market players and analysts are sounding the alarm on a possible upward spike in…
November 6, 2018
Canadians’ household debt levels continue to slow, at least when it comes to mortgages
Ever since the introduction of a new mortgage stress test in January, Canadians’ mortgage debt levels have been on the decline, and last quarter was
September 26, 2018
Is Canada’s borrowing finally entering a lull?
While the Canadian household debt balance has broken all previous records by reaching a total of $2.13 trillion in July (up by 3.77% compared to…
September 21, 2018