Millennial homeowners are at greatest risk should the housing market go south, finds a recent report. Are you overly leveraged? Read on for the full story.
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?
Lifestyle inflation means the more you earn, the more you spend – and it’s a phenomenon that can put your homeownership, savings and retirement goals at risk. Here are a few tips for avoiding a shift in your spending habits.
Is it a good idea to renew your mortgage early? Many banks are taking advantage of today’s record low rates, and are sending tempting early renewal letters to borrowers. Locking in for lower can certainly save you a bundle – but are you losing out on even greater savings?
We’ve entered the busiest time of the year to buy a home – sales listings are popping up like daisies, and prospective buyers pack Saturday open houses. It seems everyone is on the house hunt these days – and record low mortgage rates stoke the demand even higher. But is it the right time for …
There are fresh international warnings targeting Canada’s housing market. The International Monetary Fund has stated Canada’s market is overheated by 20%, while Stats Can finds average debt levels hit new highs.
It may seem like the wrong time to hit the housing market – but holiday house hunting has some great advantages. Here’s why it’s worth trudging through the snow to that open house.
Home buyers have good reason to feel jolly – RateSupermarket.ca’s expert Mortgage Rate Outlook Panel calls for low fixed and variable mortgage rates.
Mortgages Spotlight: The Bank of Canada removed its rising rate bias from the recent announcement. Does this signal longer stability for variable rates?
Mortgages and retirement used to signal two separate life stages. These days though, retirees find themselves still paying down their homes.