Top Stories

This Week’s Top Stories: Canadian Households Pay A New Record Amount of Interest, and Hot Inflation Makes Lower Rates Unlikely

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Credit Card Debt Tops $79 Billion, Interest Rates Hit A Multi-Year High Canadians are racking up quite the bill on their high interest rate credit cards. The outstanding balance of credit card debt reached $79.17 billion in September, up 4.07% […]

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This Week’s Top Stories: Canadians Are Spending A Record Amount Servicing Debt As Regulators Tell Banks To Prepare For More Risk

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadians Are Back To Spending A Record Amount Of Income Servicing Debt Canadian households are back to spending a record amount of their income on debt. The household debt service ratio (DSR) reached 14.96% in Q3 2019, up 1.70% from last […]

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This Week’s Top Stories: Canadian Seniors Rack Up Billions In Reverse Mortgage Debt, While Young People Experience More Inflation

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Seniors Now Owe Over $3.88 Billion In Reverse Mortgage Debt Reverse mortgage debt reached a new record high in Canada, but the rate of growth continues to slow. The balance outstanding was $3.88 billion in September, up 26.43% from last […]

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This Week’s Top Stories: Canadians Working Multiple Jobs Soars, While Boomers Rack Up A Lot Of Reverse Mortgaging Debt

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Major Cities Saw Condo Prices Rise Over 3x Faster Than Houses Canadian condo prices increased at a faster pace than the general market. Home prices in Canada’s six hottest markets, increased 0.19% from a year before, and are up […]

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This Week’s Top Stories: Canadians Pile Into Mortgage Debt, As Government Declares Toronto Is No Longer “Overvalued”

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s National Housing Agency Thinks Toronto Is No Longer Overvalued Canada’s national housing agency thinks Toronto real estate is now equally risky to most places. The CMHC downgraded Toronto risk to “moderate,” from the high rating it held prior. The […]

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This Week’s Top Stories: Canadian Households Set A New Record For Mortgage Debt, and They Aren’t Saving A Whole Lot

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Households Are Saving A Quarter Of What Americans Do Canadian households aren’t saving a whole lot for a rainy day – in fact, they’re saving less than nothing. Households spent $5.82 billion in savings in Q2 2019, saving just […]

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This Week’s Top Stories: IMF Numbers Show Canadian Real Estate Is Overpriced, and Variable Mortgage Rates Move To A 6-Year High

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The IMF Crunched Numbers On Canadian Real Estate. Here’s How Overpriced It Is IMF calculations show some Canadian real estate prices are detached from reality. Toronto real estate prices are 54.7% higher than fundamentals warrant. Vancouver is a little better, […]

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This Week’s Top Stories: Canada’s Heavy Immigration Is Hiding Weak GDP Data, and Mortgage Debt Grows

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Heavy Immigration Is The Last Pillar Preventing A Recession Canada’s economy looks like it’s booming, but it’s not all that impressive when immigration is factored in. Real gross domestic product (GDP) per capita hit $55,480 in Q2 2019, up […]