Canada’s sky high debt is meeting with higher than expected inflation, and it’s going to be a problem. Statistics Canada (Stat Can) data shows the median consumer price index (CPI-Median) rising in November. The measure of core inflation is now at the highest level in over a decade. By itself, this isn’t much of an […]
Canadian households are racking up a lot of debt, but it’s the interest that should be in focus. Statistics Canada (Stat Can) data shows a new record amount of interest was paid in Q3 2019. The mountain of interest paid every quarter is rising, and almost half of it is on consumer loans. When this […]
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 […]
Canadian households are back to devoting a record amount of income to support their debt habit. Statistics Canada (Stat Can) data shows the debt service ratio (DSR) reached a new high in Q3 2019. In the past 30 years, Canadians have never devoted this much income towards keeping debt in good standing. Even worse, virtually […]
Canadian regulators are asking banks to set aside a little extra cash for a rainy day. Okay, a lot more cash for a downpour. Office of the Superintendent of Financial Institutions (OSFI) completed their bi-annual domestic stability buffer review. The regulator sees systemic risks, those that can cause instability to the financial system, remain elevated. […]
Canadian consumers are throwing up a warning sign, hidden in the numbers. Bank of Canada (BoC) data shows household debt growth accelerated in October. The growth drove total household debt to a new all-time high for the balance. Diving deeper into the numbers, only mortgages are seeing accelerated growth. Consumer credit growth, often seen as […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Households And Businesses Are Going Broke Faster Than Last Year Insolvencies in Canada are seeing a big increase these days. There were 13,512 insolvency filings in October, up 11% from a month before. The monthly number is up 13% when […]
Having trouble keeping up with your bills? So are a lot of people in Greater Vancouver these days. Office of the Superintendent of Bankruptcy Canada (OSB) filings show more people are becoming insolvent in Q3 2019. Greater Vancouver has seen a trend of growth for insolvencies over the past year, but the most recent quarter […]
Greater Toronto households are starting to show a few cracks, after a big debt binge. Office of the Superintendent of Bankruptcy Canada (OSB) filings show insolvencies jumped in Q3 2019. The Greater Toronto region isn’t just showing a large climb for insolvencies. It’s been accelerating recently as well. Insolvencies Vs. Bankruptcies Insolvencies come in two […]
B-20 what? Never heard of him. Canadians are in a rush to take out mortgage credit once again. Bank of Canada (BoC) data shows a major jump in borrowing. The increase is some of the highest growth for mortgage debt, and is primed to explode even higher. Canadian Mortgage Debt Grows At The Fastest Rate […]
