9/18/2018 | Posted in Financial Health by Bill Henderson
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Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt.

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Debt continues surging

  8/16/2018 | Posted in Financial Health by Bill Henderson
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Despite rising mortgage costs, rents, and grocery bills, these were not the biggest drain on the average Canadian household income last year.

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Canadians' tax bills outpaced housing, food in 2017

  5/13/2018 | Posted in Financial Health by Bill Henderson
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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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Generation X is 'stretched beyond their financial limits' and struggling to save for retirement

  5/2/2018 | Posted in Financial Health by Bill Henderson
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Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed.

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Poloz says Canadian household debt of $2T demands cautious approach on rate hikes

  4/17/2018 | Posted in Financial Health by Bill Henderson
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Upward trend in rates would negatively impact Canadians' ability to service their debts.

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Higher rates putting greater pressure on indebted Canadians

  3/12/2018 | Posted in Financial Health by Bill Henderson
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Canadians' collective household debt has climbed to $1.8 trillion as Bank of International Settlements sounds an early warning that the country's banking system is at ... More

Canadian household debt compromising banking system

  2/28/2018 | Posted in Financial Health by Bill Henderson
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Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks.

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Amid fraud allegations, S&P lowers Canadian banks' risk metric

  1/10/2018 | Posted in Financial Health by Bill Henderson
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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

Canada debt-to-household-income ratio grows to 171% - StatsCan

  12/8/2017 | Posted in Financial Health by Bill Henderson
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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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Home values boost Canadian family net worth

  10/24/2017 | Posted in Financial Health by Bill Henderson
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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

Canadians already feeling mounting pressure from higher interest rates

  9/24/2017 | Posted in Financial Health by Bill Henderson
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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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1 million Canadians would struggle with interest rate rise

  9/22/2017 | Posted in Financial Health by Bill Henderson
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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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Canadian borrowing grows at its fastest pace since 2010: BoC

  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
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