Canadian Debt Archives - Page 52 of 52

This Week’s Top Stories: Canadians Spend The Most To Maintain Mortgages Since 1993, and They’re Flocking To HELOCs

September 23, 2018

Time for your weekly cheat sheet on the most important stories of the week. Canadian Real Estate Canadian Real Estate Owners Are Paying The Most To Service Debt Since 1993 Rising interest rates and huge mortgages are eating up household income across Canada. Canadians had a debt service ratio (DSR) of 6.51% in Q2 2018, […]

Canada

Canada’s HELOC Problem Is One of The Biggest Risks For Real Estate

August 31, 2018

Canadian real estate owners received a windfall of equity over the past decade. Rather than selling for a profit, many are turning to home equity lines of credit (HELOC) to reap the rewards. The popular form of debt allows owners to borrow equity in their home, and pay it back like a second mortgage. They’re […]

Canada

Canadians Withdraw Another $2 Billion In Home Equity Over A Month

August 21, 2018

Another $2 billion worth of equity was withdrawn from Canadian real estate in June, sending the outstanding balance to a new record.