4/15/2020 | Posted in Canada Living by Anabela Serra
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Nearly four-fifths of Canadians expect the economy to worsen over the next few months.
... More 3/27/2020 | Posted in Financial Health by Anabela Serra
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.
... More 3/19/2020 | Posted in Canadian Economy and Housing Market by Anabela Serra
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A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.
... More 1/2/2020 | Posted in Canada Living by Anabela Serra
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Most Canadians held back from increasing their debt burden in 2019 and 1 in 5 say debt repayment is their top financial priority for 2020.
... More 10/21/2019 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The cost of living was higher across many products and services in September.
... More 9/19/2019 | Posted in Canadian Economy and Housing Market by Anabela Serra
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The average Canadian household was worth less in 2018 than in the previous year.
... More 5/23/2019 | Posted in Financial Health by Anabela Serra
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC.
... More 4/22/2019 | Posted in Financial Health by Anabela Serra
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Sign of deteriorating financial stability for many people in the country.
... More 2/20/2019 | Posted in Ontario News by Anabela Serra
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A recent report reveals desperate measures of indebted consumers in Ontario.
... More 1/22/2019 | Posted in Financial Health by Anabela Serra
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency.
... More 1/9/2019 | Posted in Financial Health by Anabela Serra
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.
... More 12/6/2018 | Posted in Financial Health by Anabela Serra
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The TFSA contribution limit for 2019 is $6,000, up from $5,500 in 2018.
... More 8/21/2018 | Posted in Canadian Economy and Housing Market by Anabela Serra
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Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances.
... More 5/13/2018 | Posted in Financial Health by Anabela Serra
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Members of Generation X (aged 37 to 52) are finding it hard to save, and the tighter timeline is causing them stress, a Franklin Templeton report finds.
... More 1/15/2018 | Posted in Mortgage Interest Rates by Anabela Serra
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If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More
1/10/2018 | Posted in Financial Health by Anabela Serra
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The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ... More
12/8/2017 | Posted in Financial Health by Anabela Serra
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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.
... More 10/24/2017 | Posted in Financial Health by Anabela Serra
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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
9/29/2017 | Posted in Mortgages and Real Estate by Anabela Serra
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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
9/24/2017 | Posted in Financial Health by Anabela Serra
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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.
... More 9/22/2017 | Posted in Financial Health by Anabela Serra
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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.
... More 9/19/2017 | Posted in Financial Health by Anabela Serra
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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.
... More 9/12/2017 | Posted in Financial Health by Anabela Serra
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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.
... More 9/6/2017 | Posted in Financial Health by Anabela Serra
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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.
... More 8/24/2017 | Posted in Financial Health by Anabela Serra
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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
8/23/2017 | Posted in Financial Health by Anabela Serra
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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
7/19/2017 | Posted in Financial Health by Anabela Serra
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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.
... More 6/23/2017 | Posted in Financial Health by Anabela Serra
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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.
... More 6/14/2017 | Posted in Mortgages and Real Estate by Anabela Serra
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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
6/13/2017 | Posted in Mortgages and Real Estate by Anabela Serra
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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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