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Buying vs. Renting: Study

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Forfeiture of $2.8 million condo

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Household debt exceeds $2.5T

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Housing Market Vulnerable – CMHC

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Court Refuses Mortgage Penalty

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Raising The Maximum Insured Mort…

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Alberta Housing Market Improved

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Tag Archives: Debt

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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BoC’s Inflation Strategy

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BoC’s Macklem outlines the bank’s inflation strategy Bank of Canada Governor Tiff Macklem said that the central bank will act to curb inflation if current price pressures remain and begin to appear more permanent in the near future. Macklem said last week that the central bank is expecting elevated prices to be a temporary state [&hellip…

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Fastest Monthly Increase – Mortgages

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Fears rise that Canadian home buyers are in over their heads following the fastest monthly increase in housing loans on record Canadians are piling on mortgage debt at a record pace. On Friday, Ottawa reported the fastest monthly increase of housing loans on record as Canadians took out almost $18 billion worth of new mortgages, [&hellip…

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