Mortgage Debt
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Canadian mortgage debt surges to $2.08T amid high inflation, interest ratesHowever, the federal housing agency says in a new report that the rate of growth for mortgage debt slowed compared with recent years.MoneyMay 25, 2023
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Canada has the highest household debt level in G7, housing agency warnsCanada's housing agency says the country has the highest level of household debt in the G7, making its economy vulnerable to a global economic crisis.MoneyMay 23, 2023
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Interest rates have soared in 2022. Here’s how much more you’re paying to borrowCanadians are increasingly worried interest rates are rising faster than they can keep up, and it's not just homeowners. Here's who's feeling the pain as debt costs soar.MoneyDec 7, 2022
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Consumer debt continued to rise in Q4 but new mortgages declined: EquifaxThe number of new mortgages declined 8.1 per cent year over year in the last three months of , according to Equifax.ConsumerMar 7, 2022
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Household debt rises to 171% of disposable income, still below 2019 highHousehold debt rose as a share of disposable income between July and September compared to the previous three months, Statistics Canada said.MoneyDec 11, 2020
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People living in Alberta cities have more consumer debt than others in CanadaCredit rating agency Equifax Canada says average consumer debt increased 2.7 per cent to reach $72,950 at the end of 2019.CanadaMar 5, 2020
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As another rate hike looms, more Canadians feel closer to insolvencyOne-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.MoneyOct 23, 2018
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Turning point? Canadians’ household debt load drops to two-year lowCanadians now owe $1.68 for every dollar of disposable income, down from nearly $1.70.MoneyJun 14, 2018
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Here are the provinces with the highest and lowest family net worthThe share of seniors with a mortgage, meanwhile, has nearly doubled since 1999.MoneyDec 7, 2017
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Rising interest rates could cost the average Canadian $130 a month more in debt repaymentsRBC report highlights the implications of a rate hike for household debtMoneyJun 7, 2017
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