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Monthly Archives: September 2021

Forfeiture of $2.8 million condo

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BC seeks forfeiture of $2.8 million condo It is owned by an alleged COVID-19 violator A civil action has been filed in British Columbia Supreme Court that could see the owner of a condo in Vancouver stripped of his property after allegedly violating COVID-19 restrictions. The director of civil forfeiture filed the claim last week [&hellip…

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Household debt exceeds $2.5T

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Canadian household debt exceeds $2.5 trillion However, the financial impact of the pandemic continues to decrease for households With household debt now totalling approximately $2.53 trillion per Statistics Canada data, 25% of consumers said that they expect to be unable to pay their current bills and loans in full, according to TransUnion. However, this is [&hellip…

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Housing Market Vulnerable – CMHC

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Canada’s housing market overheated, highly vulnerable – CMHC The federal agency has issued its highest risk rating for the country’s housing sector A potent combination of factors including home price growth acceleration continued overvaluation, and stagnant labour incomes has introduced a high degree of vulnerability in the Canadian housing market, according to Canada Mortgage and [&hellip…

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