Impaired mortgage dollar volumes are spiking at Canadian banks. Don’t worry, this likely has to do with the improved transparency that became mandatory in January.
Mild rate hikes in Canada, mean big consumer debt problems. Insolvency filings are on the rise, and consumer proposals just printed their biggest January for growth in over 5 years.
Canadians don’t just have a buttload of debt sitting on the sidelines, they’re paying a buttload for the privilege of borrowing it.
Canadians didn’t experience the Great Recession, not to the extent that the rest of the world did. Sure, we logged a few quarters of Gross Domestic Product (GDP) declines, but there aren’t all that many heartbreaking stories of loss in Canada. This is often credited to the shrewd moves the Bank of Canada made. Rather […]
The Canadian real estate slow down from higher interest rates is real, and parliament is projecting it will slow GDP growth until at least 2022.
Consumer credit growth is starting to decelerate faster than anticipated, and that’s bad news for Canadian real estate.
Canadian real estate has more in common with the US bubble than we thought, and why Ottawa doesn’t care about your high debt levels.
Canadian real estate looks a lot like the US market before the crash, now that new research disproves the subprime myth.
Canadian real estate prices are skyrocketing, along with household debt. Here is data from Ottawa, that doesn’t make it seem all that bad.
Vancouver might be getting more expensive, but less people are filing for bankruptcy according to an analysis of OSB filings.
