9/21/2022 | Posted in Home Owners by James Tracy
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Significant slowdown in housing, bond, and equity markets had a major influence on Q2 figures

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  9/14/2022 | Posted in Interest Rates by James Tracy
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TD Securities and Scotiabank's top economists think there’s more room to run for the Bank of Canada as it increases interest rates from the pandemic ... More

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  9/12/2022 | Posted in Canada Living by James Tracy
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New data from Statistics Canada shows that Canadians are sliding deeper into debt.

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  9/7/2022 | Posted in Canada Living by James Tracy
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Overall consumer debt hit a new record high in the second quarter and some people may be overwhelmed by inflation.

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  8/17/2022 | Posted in Interest Rates by James Tracy
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Bank of Canada still focused on bringing inflation down, say economists

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  7/13/2022 | Posted in Mortgages and Real Estate by James Tracy
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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.

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  7/5/2022 | Posted in Canadian HELOC by James Tracy
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A much anticipated federal clampdown on a new mortgage product that sinks over-leveraged homeowners deeper into debt has fizzled.

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  6/14/2022 | Posted in Canadian Economy and Housing Market by James Tracy
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Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes ... More

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  6/3/2022 | Posted in Canadian Economy and Interest Rates by James Tracy
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One day after raising the key interest rate by 50 basis points to 1.5 per cent, the Bank of Canada is warning Canadians that rates could rise above previously targeted levels ... More

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  4/21/2020 | Posted in Canadian Economy and Housing Market by James Tracy
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

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  3/27/2020 | Posted in Financial Health by James Tracy
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.

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  3/17/2020 | Posted in Canadian Economy and Interest Rates by James Tracy
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

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  3/13/2020 | Posted in Canadian Economy and Interest Rates by James Tracy
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

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  2/27/2020 | Posted in Mortgages and Real Estate by James Tracy
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

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  1/28/2020 | Posted in Financial Health by James Tracy
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Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

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  1/2/2020 | Posted in Canada Living by James Tracy
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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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  12/16/2019 | Posted in Financial Health by James Tracy
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Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more.

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  9/19/2019 | Posted in Canadian Economy and Housing Market by James Tracy
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The average Canadian household was worth less in 2018 than in the previous year.

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  9/14/2019 | Posted in Financial Health by James Tracy
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Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row.

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  8/20/2019 | Posted in Interest Rates by James Tracy
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says.

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  7/10/2019 | Posted in Canadian Economy and Interest Rates by James Tracy
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.

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  6/6/2019 | Posted in GTA Real Estate by James Tracy
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Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks.

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Real Estate & Mortgage News

  5/29/2019 | Posted in Interest Rates by James Tracy
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The Bank of Canada today maintained its target for the overnight rate.

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Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by James Tracy
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts.

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Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by James Tracy
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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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Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by James Tracy
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well.

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Real Estate & Mortgage News

  5/14/2019 | Posted in Financial Health by James Tracy
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Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Real Estate & Mortgage News

  5/11/2019 | Posted in Canadian Housing Market by James Tracy
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The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership ... More

Real Estate & Mortgage News

  5/9/2019 | Posted in Mortgages and Real Estate by James Tracy
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

Real Estate & Mortgage News

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