Michael Antczak | Real Estate Sales Representative Serving Vaughan, Kleinburg | RE/MAX Premier Inc., Brokerage | Real Estate Mike for All Your Real Estate Needs

financial health News and Articles | My Blog

debt-stress-frustration-98.jpg - Real Estate News

Canadians already feeling mounting pressure from higher interest rates

10/24/2017 | Posted in Financial Health by Michael Antczak

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


debt-stress-frustration-98.jpg - Real Estate News

1 million Canadians would struggle with interest rate rise

9/24/2017 | Posted in Financial Health by Michael Antczak

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.

... More


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Canadian borrowing grows at its fastest pace since 2010: BoC

9/22/2017 | Posted in Financial Health by Michael Antczak

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.

... More


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Canadian debt-to-disposable income load rises in Q2

9/19/2017 | Posted in Financial Health by Michael Antczak

In its latest data release, Statistics Canada announced that the amount Canadians owed compared with their disposable income climbed higher in the second quarter.

... More


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Bank of Canada Rate Increase - Consumer Impact

9/12/2017 | Posted in Financial Health by Michael Antczak

Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate.

... More


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Ontarians are piling up non-mortgage debt

9/6/2017 | Posted in Financial Health by Michael Antczak

Debt levels in Ontario are outpacing the other provinces while those in Western Canada are declining – and it’s not just home loans.

... More


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Taxes - the average Canadian family's largest expense

8/24/2017 | Posted in Financial Health by Michael Antczak

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


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

8/23/2017 | Posted in Financial Health by Michael Antczak

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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Governments "hypocritical" over household debt says Fraser Institute

7/19/2017 | Posted in Financial Health by Michael Antczak

The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says.

... More


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Household debt could hit unprecedented levels in 4 years

6/23/2017 | Posted in Financial Health by Michael Antczak

Canadian household debt is rising and is set to keep rising despite expected increases in interest rates; and that worries the Parliamentary Budget Officer.

... More


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

6/9/2017 | Posted in Financial Health by Michael Antczak

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


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

5/25/2017 | Posted in Financial Health by Michael Antczak

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


debt-stress-frustration-98.jpg - Real Estate News

Income volatility for 10 million Canadians: TD Bank Report

5/18/2017 | Posted in Financial Health by Michael Antczak

Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year.

... More


marketing-analysys-104.jpg - Real Estate News

High house prices prompt Moody's downgrade for Canadian banks

5/11/2017 | Posted in Financial Health by Michael Antczak

Moody’s has downgraded its ratings for six Canadian banks due to their exposure to risk from high house prices and household debt.

... More


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Canadian household debt hits another record in fourth quarter

3/15/2017 | Posted in Financial Health by Michael Antczak

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

1/27/2017 | Posted in Financial Health by Michael Antczak

The type of person you are will inform the math that goes into your decision.

... More


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Paying off mortgage sooner among top financial goals

1/25/2017 | Posted in Financial Health by Michael Antczak

More than a third of Canadians polled by CIBC said that paying off their mortgage sooner was a key financial goal.

... More


household-debt-canada-89.jpg - Real Estate News

Canadians keep digging themselves deeper into debt

12/14/2016 | Posted in Financial Health by Michael Antczak

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.

... More


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38 per cent of Canadians with a mortgage have financial difficulty

11/25/2016 | Posted in Financial Health by Michael Antczak

A new report from Manulife Bank reveals that many Canadians are living paycheque-to-paycheque including a large percentage of those with a mortgage.

... More


cheque-debt-bills-signature-96.jpg - Real Estate News

Canadians continue to pile up non-mortgage debt: report

11/16/2016 | Posted in Financial Health by Michael Antczak

Canadians continued to pile up non-mortgage debt compared with a year ago but delinquency rates remained low, according to credit monitoring agency TransUnion.

... More


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