3/27/2020 | Posted in Financial Health by Stephen Gale
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.

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  3/17/2020 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

Real Estate & Mortgage News

  3/13/2020 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

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  2/27/2020 | Posted in Mortgages and Real Estate by Stephen Gale
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Stephen Gale
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Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

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  1/2/2020 | Posted in Canada Living by Stephen Gale
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Most Canadians held back from increasing their debt burden in 2019 and 1 in 5 say debt repayment is their top financial priority for 2020.

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  12/16/2019 | Posted in Financial Health by Stephen Gale
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Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more.

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  9/19/2019 | Posted in Canadian Economy and Housing Market by Stephen Gale
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The average Canadian household was worth less in 2018 than in the previous year.

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  9/14/2019 | Posted in Financial Health by Stephen Gale
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Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row.

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Real Estate & Mortgage News

  8/20/2019 | Posted in Interest Rates by Stephen Gale
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says.

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Real Estate & Mortgage News

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.

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Real Estate & Mortgage News

  6/6/2019 | Posted in GTA Real Estate by Stephen Gale
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Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks.

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Real Estate & Mortgage News

  5/29/2019 | Posted in Interest Rates by Stephen Gale
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The Bank of Canada today maintained its target for the overnight rate.

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Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by Stephen Gale
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts.

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  5/23/2019 | Posted in Financial Health by Stephen Gale
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC.

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Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Stephen Gale
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well.

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Real Estate & Mortgage News

  5/14/2019 | Posted in Financial Health by Stephen Gale
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Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Real Estate & Mortgage News

  5/11/2019 | Posted in Canadian Housing Market by Stephen Gale
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The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the “party” of homeownership ... More

Real Estate & Mortgage News

  5/9/2019 | Posted in Mortgages and Real Estate by Stephen Gale
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

Real Estate & Mortgage News

  5/1/2019 | Posted in Interest Rates by Stephen Gale
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The latest reading of Canada’s economy brings both good and bad news for the housing market.

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Real Estate & Mortgage News

  4/29/2019 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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Canadians now owe an average of $1.79 for every dollar of disposable income.

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Real Estate & Mortgage News

  4/22/2019 | Posted in Financial Health by Stephen Gale
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Sign of deteriorating financial stability for many people in the country.

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Real Estate & Mortgage News

  3/15/2019 | Posted in Interest Rates by Stephen Gale
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

Real Estate & Mortgage News

  3/14/2019 | Posted in Mortgages and Real Estate by Stephen Gale
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Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water.

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Real Estate & Mortgage News

  3/6/2019 | Posted in Interest Rates by Stephen Gale
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The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent ... More

Real Estate & Mortgage News

  3/6/2019 | Posted in Mortgages and Real Estate by Stephen Gale
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More Canadians are running into serious issues with their mortgage payments according to a new report.

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Real Estate & Mortgage News

  2/25/2019 | Posted in Interest Rates by Stephen Gale
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even ... More

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