Inflation hits milestone high in Canada Get your complementary Pre-Approval from aDiamondMortgage, here StatCan revealed that the pace of inflation has shattered a 30-year record The annual inflation in Canada rate hit 5.1% in January – the first time it has surpassed the 5% mark for over 30 years, according to Statistics Canada. That increase, which followed a [&hellip…
Get your complementary Pre-Approval from aDiamondMortgage, here. One in three Canadians struggles with non-mortgage debts, Credit Counselling Society says Some Canadians are feeling uncertain and anxious about their financial situations and future, according to the Credit Counselling Society. “About a third are saying their finances are in the worst shape (than before the pandemic),” said Scott Hannah, Credit Counselling Society’s [&hellip…
Get your complementary Pre-Approval from aDiamondMortgage, here. Mortgage debt growth accelerates, but borrowing activity stalls – BoC Debt balances reach a new high Annual growth in mortgage debt is now at one of its fastest rates in over a decade, but the pace of borrowing nationwide is showing a sharp deceleration, according to data from the Bank of [&hellip…
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