4/12/2021 | Posted in Canadian Economy and Housing Market by Marti Philp
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In the pandemic-linked housing boom, average residential property values have become decoupled from average incomes over vast swathes of the country. ... More

Real Estate & Mortgage News

  3/31/2021 | Posted in Canadian Housing Market by Marti Philp
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The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market. ... More

Real Estate & Mortgage News

  3/14/2021 | Posted in Mortgages and Real Estate by Marti Philp
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Canadian households piled up a record amount of mortgage debt for the second quarter in a row amid low interest rates and high housing prices, Statistics Canada said Friday. ... More

Real Estate & Mortgage News

  3/10/2021 | Posted in Canadian Economy and Interest Rates by Marti Philp
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus campaign. ... More

Real Estate & Mortgage News

  3/9/2021 | Posted in Mortgages and Real Estate by Marti Philp
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Mortgage credit grew in the fourth quarter of 2020 as Canadian consumers took steps to reduce all other forms of debt, according to new data from TransUnion. ... More

Real Estate & Mortgage News

  12/9/2020 | Posted in Mortgage Interest Rates by Marti Philp
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. ... More

Real Estate & Mortgage News

  11/30/2020 | Posted in Financial Health by Marti Philp
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The debt carried by Canadian households has hit the $2 trillion mark for the first time, driven up by rapidly rising mortgage balances, credit rating agency Equifax said in a ... More

Real Estate & Mortgage News

  11/18/2020 | Posted in Financial Health by Marti Philp
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The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded. ... More

Real Estate & Mortgage News

  9/15/2020 | Posted in Financial Health by Marti Philp
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But more challenging times could be on their way. ... More

Real Estate & Mortgage News

  6/13/2020 | Posted in Financial Health by Marti Philp
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level. ... More

Real Estate & Mortgage News

  5/25/2020 | Posted in Canadian Housing Market by Marti Philp
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Why does CMHC's Evan Siddall think Canada is headed for a 'deferral cliff'? ... More

Real Estate & Mortgage News

  5/20/2020 | Posted in Financial Health by Marti Philp
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Although COVID-19 has slowed down the rate of insolvency filings nationwide, the year-to-date total is still the highest in a decade, according to the Office of the Superintendent ... More

Real Estate & Mortgage News

  5/18/2020 | Posted in Financial Health by Marti Philp
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Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the Bank ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Marti Philp
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Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

Real Estate & Mortgage News

  1/2/2020 | Posted in Canada Living by Marti Philp
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Most Canadians held back from increasing their debt burden in 2019 and 1 in 5 say debt repayment is their top financial priority for 2020. ... More

Real Estate & Mortgage News

  12/16/2019 | Posted in Financial Health by Marti Philp
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Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more. ... More

Real Estate & Mortgage News

  9/19/2019 | Posted in Canadian Economy and Housing Market by Marti Philp
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The average Canadian household was worth less in 2018 than in the previous year. ... More

Real Estate & Mortgage News

  9/14/2019 | Posted in Financial Health by Marti Philp
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Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row. ... More

Real Estate & Mortgage News

  9/4/2019 | Posted in Interest Rates by Marti Philp
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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More

Real Estate & Mortgage News

  8/20/2019 | Posted in Interest Rates by Marti Philp
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More

Real Estate & Mortgage News

  8/2/2019 | Posted in Financial Health by Marti Philp
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The average Canadian household paid nearly $40,000 in taxes last year, more than the combined cost of clothing, food and shelter, according to a new report. ... More

Real Estate & Mortgage News
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