11/18/2020 | Posted in Financial Health by Becky Lu-Do
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The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded.

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Real Estate & Mortgage News

  11/3/2020 | Posted in Canada Living by Becky Lu-Do
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Canadian consumers are running out of cash, according to TransUnion.

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  10/13/2020 | Posted in Mortgages and Real Estate by Becky Lu-Do
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule.

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  10/8/2020 | Posted in Mortgages and Real Estate by Becky Lu-Do
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth.

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  10/3/2020 | Posted in Canadian Housing Market by Becky Lu-Do
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The strength of the Canadian real estate market has proven itself time and again during the pandemic

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Real Estate & Mortgage News

  9/15/2020 | Posted in Financial Health by Becky Lu-Do
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But more challenging times could be on their way.

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Real Estate & Mortgage News

  8/30/2020 | Posted in Mortgages and Real Estate by Becky Lu-Do
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Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion.

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Real Estate & Mortgage News

  8/17/2020 | Posted in Mortgages and Real Estate by Becky Lu-Do
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Mortgage insurers are not signalling enthusiasm towards the extension of six-month payment deferrals, according to an analysis by The Financial Post.

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  8/12/2020 | Posted in Canadian Economy and Housing Market by Becky Lu-Do
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

Real Estate & Mortgage News

  7/9/2020 | Posted in Financial Health by Becky Lu-Do
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank.

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  7/6/2020 | Posted in Financial Health by Becky Lu-Do
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Data from the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that federal fiscal support and payment deferrals are helping households retain their purchasing ... More

Real Estate & Mortgage News

  6/13/2020 | Posted in Financial Health by Becky Lu-Do
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level.

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  5/30/2020 | Posted in Canadian Economy by Becky Lu-Do
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The Canadian economy took a historic dive in March as the country imposed lockdown measures to curb the spread of COVID-19 – and worse results are expected for ... More

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Economy and Housing Market by Becky Lu-Do
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

Real Estate & Mortgage News

  12/16/2019 | Posted in Financial Health by Becky Lu-Do
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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.

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  12/3/2019 | Posted in Canada Living by Becky Lu-Do
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Contribution room accumulates beginning in the year in which a person turns 18

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Real Estate & Mortgage News

  10/30/2019 | Posted in Interest Rates by Becky Lu-Do
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%.

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Real Estate & Mortgage News

  9/19/2019 | Posted in Canadian Economy and Housing Market by Becky Lu-Do
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The average Canadian household was worth less in 2018 than in the previous year.

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Real Estate & Mortgage News
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