Canadian Household HELOC Debt Is Barely Growing

Canadians are becoming a little more cautious about using their homes like ATMs. Office of the Superintendent of Financial Institutions (OSFI) filings show loans secured by residential real estate slowed dramatically in December. This segment of debt has been slowing in growth over the past year. Recently, the balance has begun negative real growth. Canadians […]

Vancouver Consumer Insolvencies Rise Over 10%

Greater Vancouver is following the rest of Canada, with a spike of insolvencies. Office of the Superintendent of Bankruptcy (OSB) data shows households filed a lot more insolvencies in Q4 2019. Overall, Greater Vancouver is showing growth consistent with the province. However, the province is seeing a very rapid rise in the number of distressed […]

This Week’s Top Stories: Canadian Mortgage Debt Is Rising Fast, Inventory Falls In Major Real Estate Markets

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Credit Growth Is Rapidly Accelerating, While Consumer Credit Slows Canadian household debt growth is accelerating once again, but only in one segment. The balance of debt reached $2.27 trillion in December, up 4.2% from last year. Mortgage debt is […]