Who pays bills more regularly? Homeowners or non-homeowners?
September 10, 2021
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…
Tag: Debt
2020 Mortgage Forecasts: Defaults to Jump, Originations to Tumble, Sales to “Suffer”
May 5, 2020
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…
Canadians are using their homes to get lines of credit, and that could be a problem
March 3, 2019
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…
More Canadians are unable to fulfill their financial obligations
February 5, 2019
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…
High-cost debt to bring additional pain to an already burdened public
November 6, 2018
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…
Is Canada’s borrowing finally entering a lull?
September 21, 2018
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…