Whether it’s a palatial residence, a trendy condo or a tiny bungalow, a home is the most expensive thing most Canadians will buy in their lifetime. For a nation known for its love of discounts and reward programs, you’d think we’d be all over getting the best possible deal on our mortgages. But over and
Rising consumer debt loads aren’t a problem for Canadian banks yet, but they soon could be, according to a new report from rating agency Moody’s. In a report released Tuesday morning, the agency warns that the credit quality of Canada’s biggest lenders is under threat in part due to longer terms on car loans, and the more than
House prices in many parts of Canada have been soaring for years. Mortgages are growing larger and the number of households with extreme levels of debt is multiplying rapidly. So you’d think that we would be seeing an increase in the number of households that are having a hard time paying off their mortgages. Not so.
