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Canada’s Mounting Debt Approaching Critical Level as Households Struggle to Pay Their Bills
More than half of Canadians are within $200 of being unable to meet their monthly expenses, yet households still show no sign of debt aversion.
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Strong Mortgage Regulations Make Canada Resilient to Housing Crisis: Moody’s
Rock-bottom interest rates are driving an unprecedented housing boom that has many economists worried about an overvalued market. But a recent report from Moody’s suggests Canada is more than capable of withstanding a market correction without a US-style recession.
Read moreFive Numbers from the Nation’s Housing Market that will Shock You
The country’s housing market has seemed to be spinning out of control over the past two years, and we’ve all sat and watched as household debt climbed and prices soared. But when you stack all those numbers side by side, and compare them with where they were just over a decade ago, it’s really shocking…
Read moreDon’t Worry about Those Condos, They’re not Hurting the Market Any
Even with home sales being up (sometimes drastically) for the past several months, and even in some of Canada’s hottest markets, experts are telling the Canadian people not to worry about all those condos filling our skies. Although Genworth Canada and the Conference Board of Canada both say that sales may drop slightly this year,…
Read moreWeighing Household Debt and Net Worth
Statistics Canada has just released stats showing that one of the major things we’ve all been worried about is going the wrong way. It’s our household debt, and it’s climbing. For those ready to plunge into full-on panic though, take heart. Our household net worth is also on the rise, thanks to that red hot…
Read moreNumber of ‘Highly Indebted’ Canadian Families Rising
Whether it’s the debt or the deficit there has been a ton of talk recently about the amount of debt we as Canadians continue to pile on. And while our household debt levels have been waning slightly over the last several months, it’s still at an all-time high and a huge concern to policymakers. What…
Read moreCanadian Household Debt Levels Still not Near Those of U.S. Peak
Ever since our household debt to income ratio climbed above 150 per cent, people have been worried about this country. Not just by the amount of debt we’ve taken on, but seemingly even more so by the fact that this debt is dangerously close to where those debt levels were in the U.S. in 2007…
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