1/18/2022 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada has some difficult realities to weigh ahead of its Jan. 26 interest rate decision. ... More

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  1/12/2022 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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Bank of Canada needs to take “rapid action” with multiple interest rate increases to bring inflation under control. ... More

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  1/11/2022 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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Robust jobs market recovery in December might sufficiently motivate the Bank of Canada to implement rate hikes sooner. ... More

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  12/19/2021 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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With inflation surging, the Bank of Canada is likely to change its interest rate guidance in the new year so that it has the option to raise borrowing costs earlier than planned ... More

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  12/8/2021 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada is keeping its key interest rate target on hold at its rock-bottom level of 0.25 per cent. ... More

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  12/8/2021 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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Correction risks continue to mount for Canadian households, analysts say. ... More

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  12/7/2021 | Posted in Interest Rates by Sam Cuda & Nancy Cuda
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Some economists think the central bank should move rate hikes up to early 2022 ... More

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  12/2/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The average new mortgage being taken out by today’s borrowers surged considerably as of the third quarter, reports Equifax. ... More

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  12/1/2021 | Posted in Canadian HELOC by Sam Cuda & Nancy Cuda
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HELOC debt has also increased at a much faster rate compared to GDP, official figures indicate ... More

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  11/16/2021 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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Governor says team remains focused on inflation target as risks around price pressures increase ... More

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  10/16/2021 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Nearly 35% of Canadians are worried that higher interest rates could push them into bankruptcy ... More

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  8/24/2021 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Mortgages keep growing, but the last year saw the biggest drop in Canadian credit card debt since at least 1999. ... More

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  6/19/2021 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Canadians now owe almost $2 trillion in mortgage and home equity line of credit debt combined ... More

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  4/12/2021 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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In the pandemic-linked housing boom, average residential property values have become decoupled from average incomes over vast swathes of the country. ... More

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  3/31/2021 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market. ... More

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  3/14/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canadian households piled up a record amount of mortgage debt for the second quarter in a row amid low interest rates and high housing prices, Statistics Canada said Friday. ... More

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  3/10/2021 | Posted in Canadian Economy and Interest Rates by Sam Cuda & Nancy Cuda
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus campaign. ... More

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  3/9/2021 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Mortgage credit grew in the fourth quarter of 2020 as Canadian consumers took steps to reduce all other forms of debt, according to new data from TransUnion. ... More

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  12/9/2020 | Posted in Mortgage Interest Rates by Sam Cuda & Nancy Cuda
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. ... More

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  11/30/2020 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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The debt carried by Canadian households has hit the $2 trillion mark for the first time, driven up by rapidly rising mortgage balances, credit rating agency Equifax said in a ... More

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  11/18/2020 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded. ... More

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  9/15/2020 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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But more challenging times could be on their way. ... More

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  6/13/2020 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level. ... More

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  5/25/2020 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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Why does CMHC's Evan Siddall think Canada is headed for a 'deferral cliff'? ... More

Real Estate & Mortgage News

  5/20/2020 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Although COVID-19 has slowed down the rate of insolvency filings nationwide, the year-to-date total is still the highest in a decade, according to the Office of the Superintendent ... More

Real Estate & Mortgage News

  5/18/2020 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the Bank ... More

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  1/28/2020 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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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

Real Estate & Mortgage News

  1/2/2020 | Posted in Canada Living by Sam Cuda & Nancy Cuda
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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. ... More

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