Mortgage Debt

• Interest rates have soared in 2022. Here’s how much more you’re paying to borrow

  Canadians 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.

  Money

  Dec 7, 2022
  
• 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, 2022
  
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• Household debt rises to 171% of disposable income, still below 2019 high

  Household debt rose as a share of disposable income between July and September compared to the previous three months, Statistics Canada said.

  Money

  Dec 11, 2020
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• People living in Alberta cities have more consumer debt than others in Canada

  Credit rating agency Equifax Canada says average consumer debt increased 2.7 per cent to reach $72,950 at the end of 2019.

  Canada

  Mar 5, 2020
• 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
• Turning point? Canadians’ household debt load drops to two-year low

  Canadians now owe $1.68 for every dollar of disposable income, down from nearly $1.70.

  Money

  Jun 14, 2018
• Here are the provinces with the highest and lowest family net worth

  The share of seniors with a mortgage, meanwhile, has nearly doubled since 1999.

  Money

  Dec 7, 2017
• Rising interest rates could cost the average Canadian $130 a month more in debt repayments

  RBC report highlights the implications of a rate hike for household debt

  Money

  Jun 7, 2017
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• Do unpaid debts ever disappear?

  Here's how statutes of limitations work and what happens to your debt when you die.

  Money

  May 28, 2017
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• Canadians owe $1.67 for every dollar of disposable income: Statistics Canada

  Canadians owed $1.67 in credit market debt, which includes consumer credit and mortgage and non-mortgage loans, for every dollar of disposable income.

  Canada

  Dec 14, 2016