According to a new Equifax report, Canadian consumer debt has now climbed to over $1.8-trillion, up from the $1.797 trillion reported in the previous quarter. And concern arises as…
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.
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?