Tag: Canadian Debt

Canadian mortgage borrowing is suddenly surging, despite tepid home sales. Bank of Canada (BoC) data reveals uninsured mortgage originations rose to the second-highest June on record. Rapid credit growth typically signals rising confidence, but this spike likely reflects completions from the pre-construction boom during the pandemic-era low-rate frenzy. With near-record housing under construction, originations are […]

Canadian households are once again piling on debt faster than their incomes can keep up. Statistics Canada (Stat Can) data shows the household debt-to-income ratio rose in Q1 2025, eroding some of the progress made in previous quarters. While rate cuts initially offered relief, they’ve begun to backfire—fueling borrowing and increasing household vulnerability to economic […]