12/11/2020 | Posted in Financial Health by Century 21 People's Choice
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Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday. ... More
11/18/2020 | Posted in Financial Health by Century 21 People's Choice
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The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded. ... More
11/3/2020 | Posted in Canada Living by Century 21 People's Choice
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Canadian consumers are running out of cash, according to TransUnion. ... More
10/13/2020 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule. ... More
10/8/2020 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More
10/3/2020 | Posted in Canadian Housing Market by Century 21 People's Choice
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The strength of the Canadian real estate market has proven itself time and again during the pandemic ... More
9/15/2020 | Posted in Financial Health by Century 21 People's Choice
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But more challenging times could be on their way. ... More
8/30/2020 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion. ... More
8/17/2020 | Posted in Mortgages and Real Estate by Century 21 People's Choice
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Mortgage insurers are not signalling enthusiasm towards the extension of six-month payment deferrals, according to an analysis by The Financial Post. ... More
8/12/2020 | Posted in Canadian Economy and Housing Market by Century 21 People's Choice
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More
7/9/2020 | Posted in Financial Health by Century 21 People's Choice
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More
7/6/2020 | Posted in Financial Health by Century 21 People's Choice
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Data from the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that federal fiscal support and payment deferrals are helping households retain their purchasing ... More
6/13/2020 | Posted in Financial Health by Century 21 People's Choice
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level. ... More
5/30/2020 | Posted in Canadian Economy by Century 21 People's Choice
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The Canadian economy took a historic dive in March as the country imposed lockdown measures to curb the spread of COVID-19 – and worse results are expected for April. ... More
4/21/2020 | Posted in Canadian Economy and Housing Market by Century 21 People's Choice
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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
12/16/2019 | Posted in Financial Health by Century 21 People's Choice
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Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more. ... More
12/3/2019 | Posted in Canada Living by Century 21 People's Choice
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Contribution room accumulates beginning in the year in which a person turns 18 ... More
10/30/2019 | Posted in Interest Rates by Century 21 People's Choice
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ... More
9/19/2019 | Posted in Canadian Economy and Housing Market by Century 21 People's Choice
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The average Canadian household was worth less in 2018 than in the previous year. ... More