9/19/2017 | Posted in Financial Health by Bill Henderson
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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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Canadian debt-to-disposable income load rises in Q2

  9/12/2017 | Posted in Financial Health by Bill Henderson
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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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Bank of Canada Rate Increase - Consumer Impact

  9/6/2017 | Posted in Financial Health by Bill Henderson
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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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Ontarians are piling up non-mortgage debt

  8/24/2017 | Posted in Financial Health by Bill Henderson
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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

Taxes - the average Canadian family's largest expense

  8/23/2017 | Posted in Financial Health by Bill Henderson
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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

Record household debt to add pressure to credit cards in next downturn: Moodys

  7/19/2017 | Posted in Financial Health by Bill Henderson
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The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says.

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Governments

  6/23/2017 | Posted in Financial Health by Bill Henderson
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Canadian household debt is rising and is set to keep rising despite expected increases in interest rates; and that worries the Parliamentary Budget Officer.

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Household debt could hit unprecedented levels in 4 years

  6/9/2017 | Posted in Financial Health by Bill Henderson
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A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk ... More

Why consumers should be wary of using the wildly popular home equity lines of credit as ATMs

  5/25/2017 | Posted in Financial Health by Bill Henderson
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Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ... More

A 10% hike to mortgage payments would sink almost 3 quarters of homeowners, Manulife says

  5/18/2017 | Posted in Financial Health by Bill Henderson
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Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year.

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Income volatility for 10 million Canadians: TD Bank Report

  5/11/2017 | Posted in Financial Health by Bill Henderson
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Moody’s has downgraded its ratings for six Canadian banks due to their exposure to risk from high house prices and household debt.

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High house prices prompt Moody's downgrade for Canadian banks

  3/15/2017 | Posted in Financial Health by Bill Henderson
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The amount Canadians owe compared with how much they earn hit another record high last year. Statistics Canada said the amount of household ... More

Canadian household debt hits another record in fourth quarter

  1/27/2017 | Posted in Financial Health by Bill Henderson
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The type of person you are will inform the math that goes into your decision.

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The classic RRSP season dilemma: Contribute or pay down your mortgage

  1/25/2017 | Posted in Financial Health by Bill Henderson
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More than a third of Canadians polled by CIBC said that paying off their mortgage sooner was a key financial goal.

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Paying off mortgage sooner among top financial goals

  12/14/2016 | Posted in Financial Health by Bill Henderson
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Canadian household debt hit a record high in the third quarter, as the country’s love affair with low interest rates fuelled another round of heavy borrowing.

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Canadians keep digging themselves deeper into debt

  11/25/2016 | Posted in Financial Health by Bill Henderson
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A new report from Manulife Bank reveals that many Canadians are living paycheque-to-paycheque including a large percentage of those with a mortgage.

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38 per cent of Canadians with a mortgage have financial difficulty

  11/16/2016 | Posted in Financial Health by Bill Henderson
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Canadians continued to pile up non-mortgage debt compared with a year ago but delinquency rates remained low, according to credit monitoring agency TransUnion.

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Canadians continue to pile up non-mortgage debt: report

  10/26/2016 | Posted in Financial Health by Bill Henderson
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Canada’s debt, swelled by a decade-long housing boom to almost triple the size of its economy, is drawing increasing concern from an international banking community that ... More

Canada's record household debt is threatening its financial stability

  12/14/2015 | Posted in Financial Health by Bill Henderson
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Canadian household debt hit a new record in the third quarter, as borrowing rose faster than income. Statistics Canada said Monday the ... More

Canadian household debt level rises, hits 163.7% of disposable income: Statcan

  6/12/2015 | Posted in Financial Health by Bill Henderson
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There has been an uptick in the number of Canadians becoming insolvent according to a report from CIBC. The mortgage lender says that although bankruptcies are down, by 4.7 per ... More

CIBC report warns of increasing insolvencies
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