3/5/2024 | Posted in Financial Health by Michael Antczak
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Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023. ... More
10/7/2023 | Posted in Mortgages and Real Estate by Michael Antczak
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Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated. ... More
4/21/2020 | Posted in Canadian Economy and Housing Market by Michael Antczak
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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 of ... More
6/17/2019 | Posted in Mortgages and Real Estate by Michael Antczak
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More
6/11/2019 | Posted in Mortgages and Real Estate by Michael Antczak
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More
5/23/2019 | Posted in Financial Health by Michael Antczak
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More
3/6/2019 | Posted in Mortgages and Real Estate by Michael Antczak
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More Canadians are running into serious issues with their mortgage payments according to a new report. ... More
10/21/2018 | Posted in Mortgages and Real Estate by Michael Antczak
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A slowing economy and rising borrowing costs will probably push Canadian delinquency rates higher in coming months, according to the country’s largest credit reporting firm. ... More
10/2/2017 | Posted in Mortgages and Real Estate by Michael Antczak
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Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation. ... More
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