Household debt to Income ratio has increased in Canada, driven mostly by mortgages.
According to a recent OSC report, saving up for a home and paying down debt seem to take priority by far over investing for millennials.
While 80 per cent have savings accounts, only half are investing, and 42 per cent have less than $25,000 in the markets due to…
A new report finds Canadians are facing a future where an unprecedented amount of household income will go towards debt servicing. The Household Indebtedness and Financial Vulnerability report by the Parliamentary Budget Officer is raising concerns on the level of household…
Statistics Canada says our debt-to-disposable income ratios are at an all-time high, but it’s not all bad news. Read on to find out the factors influencing these numbers on how you can narrow the gap.
The Canadian debt-to-income ratio hit 165% in Q4 2015, according to the latest number from Statistics Canada. What’s to blame for our rising debt levels? Read on for our breakdown.
Looking to bring in some extra cash and pay down debt? One effective way is to earn more money with a side job. Here are 4 great suggestions for getting started.
Can you afford to be a single-income family? For some, it makes more financial sense for one parent to stay at home – but there are many factors to consider. Gordon Powers breaks down the economics behind the stay-at-home parent.
The latest numbers from Statistics Canada show the national debt-to-income ratio has hit 164.4% – the biggest increase since 2011. Why is debt spiralling so high in Canada – and what can consumers do to lower their own ratios?
Two of the nation’s biggest real estate sources are at odds over housing predictions – the Bank of Canada and Re/Max do not see eye to eye on whether the housing market is in for a “soft landing”.
Two Canadian economic forecasts were revised this week to reflect the damage cause by sliding oil prices. Meanwhile, household consumer debt levels continue to be cause for concern.