finance News and Articles | My Blog
More people are going broke in Canada as interest rates rise
1/9/2019 | Posted in Financial Health by Paul DeAdder
It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.
... MoreSix stunning numbers about Toronto real estate and your personal finances
4/8/2017 | Posted in Toronto Real Estate by Paul DeAdder
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
Canadians keep digging themselves deeper into debt
12/14/2016 | Posted in Financial Health by Paul DeAdder
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.
... MoreCanadians continue to pile up non-mortgage debt: report
11/16/2016 | Posted in Financial Health by Paul DeAdder
Canadians continued to pile up non-mortgage debt compared with a year ago but delinquency rates remained low, according to credit monitoring agency TransUnion.
... MoreCanada's mortgage brokers find ways around new lending rules
10/21/2016 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s new mortgage rules risk pushing borrowers deep into the shadow lending market, with brokers set to line up secondary loans with private lenders as a means of ... More
Non-banks "crippled" by new mortgage rules says broker
10/11/2016 | Posted in Mortgage News by Paul DeAdder
The new mortgage rules being introduced by Ottawa next week are already having a “crippling” impact on non-bank mortgage lenders according to online broker Butler ... More
Four major changes to Canada's housing rules
10/4/2016 | Posted in Real Estate Market by Paul DeAdder
The Liberal government has announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low ... More
Mortgage debt behind rise in household debt
3/15/2016 | Posted in Home Owners by Paul DeAdder
Canadian’s household debt continued its upward trajectory in the fourth quarter of 2015. The latest data from Statistics Canada shows that average debt rose by 1.5 per ... More
Canadian household debt level rises, hits 163.7% of disposable income: Statcan
12/14/2015 | Posted in Financial Health by Paul DeAdder
Canadian household debt hit a new record in the third quarter, as borrowing rose faster than income. Statistics Canada said Monday the ... More
Canada's interest rates could be cut to zero: Fidelity
5/22/2015 | Posted in Mortgage Interest Rates by Paul DeAdder
David Wolf of Fidelity Investments says that the Bank of Canada may end up slashing interest rates to zero in the next 6 to 18 months. With oil prices showing more strength and ... More
The real reason mortgage rates are so low in Canada
4/23/2015 | Posted in Financial Markets by Paul DeAdder
Canada’s overheated housing market is starting to feel the effect of Europe’s negative interest rates.
... MoreOne-quarter of first-time home buyers had family help, survey finds
4/14/2015 | Posted in First Time Home Buyers by Paul DeAdder
Typical first-time Canadian home buyers tend to be childless, university-educated couples in their 30s purchasing detached homes, often with a helping hand from their ... More
Bank of Canada cuts its key interest to 0.75 per cent
1/21/2015 | Posted in Mortgage News by Paul DeAdder
OTTAWA - Bank of Canada governor Stephen Poloz says the economy has been suffering from the effects of an "oil shock," so he prescribed a remedy: an unexpected ... More
