New reports find the economic success of the Canadian middle class to be shrinking. Is the “Canadian dream” still a reality?
The Canadian household debt to income ratio has hit a new record high at 163.7% – and will only climb higher over the holidays. Here are some ways to keep your spending down during the priciest time of year.
The Department of Finance has long warned against the hazardous debt levels reached by Canadian households. After all, debt to income ratios rival those of the U.S., right before the economic downturn. However, a new report by TD Economics suggests the situation calls for less doom and gloom than previously thought.
This week’s Spotlight On Mortgages: Many economic factors lead to a transition within the housing market. How will home buyers fare in changing times?
A new poll finds 92 per cent of Canadians would willingly take out debt – even when it’s not absolutely necessary. Canadians may be more comfortable living with their debt – and as a result, we’re maxing out faster.