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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Real Estate & Mortgage News

  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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  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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  9/1/2017 | Posted in Mortgage Interest Rates by Bill Henderson
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The economy is growing at the fastest pace in 15 years and that has some analysts changing their calls for a Bank of Canada hike from October to next week.

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Real Estate & Mortgage News

  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

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  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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Real Estate & Mortgage News

  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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  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

Real Estate & Mortgage News

  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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  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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Real Estate & Mortgage News

  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

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  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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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  12/2/2016 | Posted in Community by Bill Henderson
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This week the City of Mississauga began its budget deliberations in council chambers. Staff presented a proposed tax increase of 5.9 per cent on the city’s portion (34 ... More

Real Estate & Mortgage News

  11/26/2016 | Posted in Home Buyers by Bill Henderson
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The head of Canada Mortgage and Housing Corp. has opened the door to the possibility of increasing the minimum down payment needed to buy a house, though a change is not ... More

Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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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Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  10/20/2016 | Posted in Mortgages and Real Estate by Bill Henderson
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The governor of the Bank of Canada spoke of the risk to the economy from the high level of household debts and the rising cost of homes when he announced a hold-steady on ... More

Real Estate & Mortgage News

  9/15/2016 | Posted in Home Owners by Bill Henderson
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Canadian household debt ratios hit a record high over the spring, according to new figures released Thursday by Statistics Canada.

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Real Estate & Mortgage News

  8/25/2016 | Posted in Home Owners by Bill Henderson
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Canadians are borrowing more as low interest rates help drive a thirst for credit. Non-mortgage loans increased in the second quarter of 2016 according to RBC, especially auto ... More

Real Estate & Mortgage News

  6/15/2016 | Posted in Home Owners by Bill Henderson
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Canadians owe $1.65 for each dollar of disposable income according to Statistics Canada with an increase in debt levels driven by mortgage borrowing.

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Real Estate & Mortgage News

  3/15/2016 | Posted in Home Owners by Bill Henderson
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Canadian’s household debt continued its upward trajectory in the fourth quarter of 2015. The latest data from Statistics Canada shows that average debt rose by 1.5 per ... More

Real Estate & Mortgage News

  2/24/2016 | Posted in Real Estate Market by Bill Henderson
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While the vulnerabilities associated with elevated household debt have increased in recent years, the Canadian financial system remains resilient and could withstand a major ... More

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  11/6/2015 | Posted in Mortgage News by Bill Henderson
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New figures from one of Canada’s largest banks and mortgage lenders shows the continuing growth of household debt. RBC’s report reveals that total consumer debt is ... More

Real Estate & Mortgage News

  9/17/2015 | Posted in Mortgage News by Bill Henderson
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Canadian households are adding debt at an increasing pace and it’s being driven by mortgage which account for 80 per cent of the debt. CIBC says that it is not housing ... More

Real Estate & Mortgage News

  9/9/2015 | Posted in Real Estate Market by Bill Henderson
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Canadian seniors are getting a lot more comfortable with debt and a growing number are using it to finance their lifestyle, including home purchases, according to an exclusive ... More

Real Estate & Mortgage News

  8/13/2015 | Posted in Home Owners by Bill Henderson
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Canadian households are carrying more debt on average than they were last year but it is generally as the result of “good” spending. A report from mortgage lender ... More

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