Canada

This Week’s Top Stories: Canadian Mortgage Debt Rises As 743,000 Households Defer Payments, and Reverse Mortgages Boom

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Debt Explodes In Growth, As Payment Deferrals Hit Over 743,000 Canadian mortgage debt is seeing growth accelerate, as hundreds of thousands stop making payments. The balance of mortgage debt reached $1.68 trillion in May, up 6.0% from a year […]

Canada

Canada’s Super Rich Actually Own A Bigger Share of Wealth Than Previously Thought

Canada’s wealth inequality issues are bigger than previously estimated – which really is something. The Parliamentary Budget Officer (PBO), a non-partisan office that advises the Canadian government, has created a new model to estimate wealth held by the country’s richest households. The new estimate shows Canada’s one-percent actually holds a much bigger share of total […]

Canada

TransUnion: Canadian Non-Mortgage Credit Delinquencies Soar To 2015 Levels

Canadian lenders have been granting credit payment deferrals by the hundreds of thousands. Somehow, that’s not quite enough to deter delinquencies. TransUnion data shows a significant uptick in delinquencies for non-mortgage credit in Q1 2020. The increase brings the country to the highest level of delinquencies in half a decade. Canadian Non-Mortgage Credit Delinquencies Reach […]

Top Stories

This Week’s Top Stories: A Big Canadian Bank Forecasts The Largest Real Estate Price Drop In History, And Canadians Max Out HELOCs

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate National Bank Of Canada Forecasts Sharpest Real Estate Price Decline Ever One of Canada’s Big Six banks sees this real estate correction being the largest correction ever. National Bank of Canada is forecasting prices will decline 9.8% from late 2020 to […]