9/30/2022 | Posted in Canada Living by Kit Blott
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Personal finances of millions of Canadians are worsening, and more people are concerned about their high levels of debt ... More

Real Estate & Mortgage News

  9/14/2022 | Posted in Interest Rates by Kit Blott
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TD Securities and Scotiabank's top economists think there’s more room to run for the Bank of Canada as it increases interest rates from the pandemic lows. ... More

Real Estate & Mortgage News

  9/12/2022 | Posted in Canada Living by Kit Blott
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New data from Statistics Canada shows that Canadians are sliding deeper into debt. ... More

Real Estate & Mortgage News

  9/7/2022 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control. ... More

Real Estate & Mortgage News

  9/7/2022 | Posted in Canada Living by Kit Blott
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Overall consumer debt hit a new record high in the second quarter and some people may be overwhelmed by inflation. ... More

Real Estate & Mortgage News

  7/13/2022 | Posted in Mortgages and Real Estate by Kit Blott
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years. ... More

Real Estate & Mortgage News

  7/10/2022 | Posted in Mortgage Interest Rates by Kit Blott
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. ... More

Real Estate & Mortgage News

  7/8/2022 | Posted in Mortgages and Real Estate by Kit Blott
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As interest rates tick up, financial experts expect to see delinquency on home equity lines of credit rise in the next few months, especially if inflation refuses to budge. ... More

Real Estate & Mortgage News

  6/29/2022 | Posted in Canadian HELOC by Kit Blott
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Home equity lines of credit (HELOCs) were a common way for Canadian homeowners to tap into their home’s equity during the long run of low interest rates and rapidly rising ... More

Real Estate & Mortgage News

  6/26/2022 | Posted in Interest Rates by Kit Blott
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The possibility of a full-percentage point interest rate hike from the Bank of Canada at its July meeting is now firmly on the table following the latest inflation data for May, ... More

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  6/14/2022 | Posted in Canadian Economy and Housing Market by Kit Blott
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Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes grew ... More

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  6/13/2022 | Posted in Canadian Housing Market by Kit Blott
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Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada. ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Kit Blott
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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 Kit Blott
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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 Kit Blott
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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 Kit Blott
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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 Kit Blott
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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 Kit Blott
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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 Kit Blott
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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 Kit Blott
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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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