CIBC reports strong fiscal Q1

A client-focused app…

TD Bank announces robust Q1 resu…

Demonstrating sustai…

Calgary Real Estate Board reveal…

The Calgary Real Estate …

RBC reveals Q1 financial results

Sustained strength i…

National Bank sees double-digit …

Continuing the trend…

Bank of Canada monitoring hot ho…

Bank of Canada gover…

BMO reports strong fiscal Q1

Bank of Montreal has…

CMHC issues warning over borrowe…

Most homeowners who …

Scotiabank fiscal Q1 results boo…

Bank of Nova Scotia …

Bond Yields Surge, Mortgage Rate…

Canadian bond yields hit…

«
»
Social Media
Visit Us On TwitterVisit Us On FacebookVisit Us On Instagram

Tag Archives: Economist

How long does it take the average Canadian homebuyer to save up a down payment?

  • Written by:

National Bank of Canada has reported that a Canadian household occupying the average income bracket would need around 60 months to save the minimum down payment for a residential property purchase. Assuming a 10% savings rate and a 6% down payment, this was the longest saving period calculated in around four decades. The reading significantly exceeded [&hellip…

Read more

Household mortgage debt balance approaching $1.66 trillion

  • Written by:

Spurred by record-low rates and housing market dynamism, Canadians borrowed at an unprecedented pace in 2020, with national mortgage debt growing by 7.4% annually in November. The latest data from Statistics Canada showed that the overall household mortgage debt balance reached $1.66 trillion during the month. The surge was accompanied by a sharp spike in mortgage loans, [&hellip…

Read more

Poll: Canadians to prioritize debt repayments and savings over major purchases

  • Written by:

Three out of four Canadians said that their top financial priority this year is to pay down debt or retain an elevated level of savings, according to a new survey conducted by Nanos Research Group for Bloomberg from December 27-30. Nanos found that 39% of Canadians are looking to prioritize debt repayments this year, while 37% [&hellip…

Read more

Sections

Tools

About Us

Follow Us