5/28/2025 | Posted in Financial Health by Becky Lu-Do
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Ontario’s mortgage delinquency rate soared to record highs in the first quarter of 2025, marking the most severe year-over-year spike in the country and raising red flags ... More
5/27/2025 | Posted in Financial Health by Becky Lu-Do
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Millions of Canadians are facing retirement with a tough housing choice: downsize or continue to make monthly mortgage payments.
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5/16/2025 | Posted in Financial Health by Becky Lu-Do
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Canadians are about to see a little more money in their pockets, thanks to a new federal tax cut aimed at the middle class.
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1/3/2025 | Posted in Canada Living by Becky Lu-Do
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Here's what the new tax brackets are going to be, plus how much you can contribute to a tax-free savings account and RRSP
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4/15/2020 | Posted in Canada Living by Becky Lu-Do
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Nearly four-fifths of Canadians expect the economy to worsen over the next few months.
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3/27/2020 | Posted in Financial Health by Becky Lu-Do
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.
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3/19/2020 | Posted in Canadian Economy and Housing Market by Becky Lu-Do
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A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.
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1/2/2020 | Posted in Canada Living by Becky Lu-Do
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Most Canadians held back from increasing their debt burden in 2019 and 1 in 5 say debt repayment is their top financial priority for 2020.
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10/21/2019 | Posted in Canadian Economy and Interest Rates by Becky Lu-Do
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The cost of living was higher across many products and services in September.
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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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5/23/2019 | Posted in Financial Health by Becky Lu-Do
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC.
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4/22/2019 | Posted in Financial Health by Becky Lu-Do
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Sign of deteriorating financial stability for many people in the country.
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2/20/2019 | Posted in Ontario News by Becky Lu-Do
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A recent report reveals desperate measures of indebted consumers in Ontario.
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1/22/2019 | Posted in Financial Health by Becky Lu-Do
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency.
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1/9/2019 | Posted in Financial Health by Becky Lu-Do
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.
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12/6/2018 | Posted in Financial Health by Becky Lu-Do
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The TFSA contribution limit for 2019 is $6,000, up from $5,500 in 2018.
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8/21/2018 | Posted in Canadian Economy and Housing Market by Becky Lu-Do
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Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances.
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5/13/2018 | Posted in Financial Health by Becky Lu-Do
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Members of Generation X (aged 37 to 52) are finding it hard to save, and the tighter timeline is causing them stress, a Franklin Templeton report finds.
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1/15/2018 | Posted in Mortgage Interest Rates by Becky Lu-Do
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If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More
1/10/2018 | Posted in Financial Health by Becky Lu-Do
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The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ... More
12/8/2017 | Posted in Financial Health by Becky Lu-Do
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Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada.
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10/24/2017 | Posted in Financial Health by Becky Lu-Do
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According to the results of a new poll conducted by a leading insolvency firm, fully one-third of Canadians indicated that they are already feeling the pinch of increasing ... More
9/29/2017 | Posted in Mortgages and Real Estate by Becky Lu-Do
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The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ... More
9/24/2017 | Posted in Financial Health by Becky Lu-Do
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Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise.
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9/22/2017 | Posted in Financial Health by Becky Lu-Do
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Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication.
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9/19/2017 | Posted in Financial Health by Becky Lu-Do
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In its latest data release, Statistics Canada announced that the amount Canadians owed compared with their disposable income climbed higher in the second quarter.
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9/12/2017 | Posted in Financial Health by Becky Lu-Do
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Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate.
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9/6/2017 | Posted in Financial Health by Becky Lu-Do
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Debt levels in Ontario are outpacing the other provinces while those in Western Canada are declining – and it’s not just home loans.
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8/24/2017 | Posted in Financial Health by Becky Lu-Do
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With home prices rising across the country, many would assume that housing costs (including rent and mortgage payments) are the most expensive budget item for the average ... More
8/23/2017 | Posted in Financial Health by Becky Lu-Do
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Unprecedented household debt levels will give Canadians a rude awakening on their unpaid credit card bills if another economic downturn materializes in the coming years, ... More

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