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

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Home values boost Canadian family net worth

12/8/2017 | Posted in Financial Health by Michael Antczak

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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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Canadians already feeling mounting pressure from higher interest rates

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

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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


BoC Rate Increase got Consumers Worried

9/29/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ... More


1 million Canadians would struggle with interest rate rise

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

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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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Canadian borrowing grows at its fastest pace since 2010: BoC

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

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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 debt-to-disposable income load rises in Q2

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

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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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Bank of Canada Rate Increase - Consumer Impact

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

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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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Ontarians are piling up non-mortgage debt

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

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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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Taxes - the average Canadian family's largest expense

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

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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


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

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

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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


Governments "hypocritical" over household debt says Fraser Institute

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

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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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Household debt could hit unprecedented levels in 4 years

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

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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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Mortgage delinquency rates low in Toronto, Vancouver despite high prices: CMHC

6/14/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ... More


Young Canadians still bullish on housing

6/13/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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Millenials are confident in their financial future and in the housing market, according to a new study.

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Income volatility for 10 million Canadians: TD Bank Report

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

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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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Six stunning numbers about Toronto real estate and your personal finances

4/8/2017 | Posted in Toronto Real Estate by Michael Antczak

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From a personal finance point of view, Toronto real estate makes your head spin. Monthly price increases for resale houses in the city are amazing enough in their own ... More


Canadian household debt hits another record in fourth quarter

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

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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 seniors racking up debt to fund bigger homes, glitzy lifestyles

9/9/2015 | Posted in Real Estate Market by Michael Antczak

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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


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