consumer debt Canada

• Consumer debt continued to rise in Q4 but new mortgages declined: Equifax

  The number of new mortgages declined 8.1 per cent year over year in the last three months of , according to Equifax.

  Consumer

  Mar 7
  
• 30% of Canadians say they’re insolvent, MNP debt survey shows

  Overall, Canadians say they are financially better off, according to a survey by debt consultancy MNP. And yet the highest share of respondents since 2017 say they are insolvent.

  Money

  Jul 19, 2021
  
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• Canadian consumers are now carrying $2.1 trillion in debt, driven by mortgages

  Equifax says the debt profile of Canadians has changed throughout the COVID-19 pandemic, with mortgages accounting for a larger portion of people's debt.

  Consumer

  Jun 8, 2021
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• Two in five Canadians believe they will never be debt-free

  Almost half of respondents to a recent Manulife survey also said their spending was increasing faster than their income.

  Money

  Nov 22, 2019
• Bank of Canada leaves interest rate unchanged at 1.75%

  Bank of Canada leaves its key rate unchanged, as expected, at 1.75 per cent.

  Canada

  Dec 5, 2018
• As another rate hike looms, more Canadians feel closer to insolvency

  One-third of debtors now say rising rates could move them toward bankruptcy, a recent MNP survey found. Meanwhile, delinquency rates are up among seniors, according to Equifax.

  Money

  Oct 23, 2018
• Are indebted Canadians foolhardy or prey?

  Canadians should be responsible for their own debts, but Mike Stafford says Canadian banks and lenders have to share some responsibility, as well.

  Commentary

  Jul 16, 2018
• The average Canadian owes $8,500 in consumer debt, excluding their mortgage: Ipsos poll

  Nearly half of respondents (46 per cent) said they have no consumer debt whatsoever.

  Economy

  Dec 27, 2017
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• Calgary and Vancouver are, on average, Canada’s most indebted major cities: report

  Average debt balances per person have kept growing in almost every quarter since 2015, data show.

  Consumer

  Nov 30, 2017
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• Millennials in big cities more likely to have no debt, save: survey

  New report yields surprising results about Canada's young urbanites

  Money

  Jun 28, 2017