Canadian Consumer Insolvencies Dropped 38% in October
by“Canadians are forced savers right now, decreasing their socializing and travel costs.”
“Canadians are forced savers right now, decreasing their socializing and travel costs.”
“People are dying to spend and guess what, they’ve got the cash.”
The result would be a delinquency rate 4x higher than Canada’s peak over the past 30 years.
“Too many people think mortgages are just about the rates.”
“There is a dark economic underbelly to this business that I want to expose.”
But a COVID debt cliff still looms as the end of CERB approaches.
The new normal has some upside.
The changes are set to take place on July 1.
Some of your rent, mortgage, and hydro could be written off.
“There are only two ways a Canadian avoids paying a mortgage penalty.”