Canadian Consumer Insolvencies Dropped 38% in October
by“Canadians are forced savers right now, decreasing their socializing and travel costs.”
Personal Finance
CIBC Deputy Chief Economist Predicting Strong Second Half of 2021 for Canadian Economy
by“People are dying to spend and guess what, they’ve got the cash.”
Up to 20% of Canadian Mortgages at ‘Higher Risk of Defaulting’: RBC
byThe result would be a delinquency rate 4x higher than Canada’s peak over the past 30 years.
How to Take a Proper Trip Down The Mortgage Trail
by“Too many people think mortgages are just about the rates.”
Risky Business: CMHC CEO Calls Out Lenders Allowing ‘Excessive Household Borrowing’
by“There is a dark economic underbelly to this business that I want to expose.”
Canadian Consumer Insolvencies Drop a Record 42.3% in Q2-2020
byBut a COVID debt cliff still looms as the end of CERB approaches.
What All-Time Low Mortgage Rates Mean for Homebuyers
byThe new normal has some upside.
Why CMHC’s Upcoming Mortgage Application Changes Will Have Little Effect
byThe changes are set to take place on July 1.
COVID Forced You to Work From Home? Here’s What You Can Write Off
bySome of your rent, mortgage, and hydro could be written off.
The Question of Having to Pay a Mortgage Penalty Isn’t If, It’s When
by“There are only two ways a Canadian avoids paying a mortgage penalty.”