mortgage debt News and Articles | My Blog

OSFI announces new stress test for uninsured mortgages

4/16/2024 | Posted in Mortgages and Real Estate by Paul DeAdder

Canadian regulator cracks down on high-debt mortgages to protect borrowers

Tags: Canada Living, Canadian Mortgage Market, Mortgage Consumers, Mortgage Debt, Mortgage Interest Costs, OSFI

Is it time for aggressive rate cuts?

3/19/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

'I hope they're not tepid,' says expert about BoC's upcoming decisions

Tags: Mortgage Consumers, Mortgage Debt, Mortgage Rate Forecast, Mortgage Rates Canada, Variable Rate Mortgages

B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says

3/5/2024 | Posted in Financial Health by Paul DeAdder

Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023.

Tags: Mortgage Consumers, Mortgage Debt, Mortgage Delinquency, NonMortgage Debt

There's a common theme among Canadians overwhelmed by debt

2/6/2024 | Posted in Financial Health by Paul DeAdder

Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.

Tags: Canada Living, Canadian Debt, Canadian Households, Household Debt, Insolvency, Mortgage Debt, NonMortgage Debt

Under-35 households lead the way in reducing mortgage debt, StatCan reports

1/25/2024 | Posted in Mortgages and Real Estate by Paul DeAdder

Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

Tags: Canadian Debt, Canadian Mortgage Market, Household Debt, Mortgage Consumers, Mortgage Debt