7/14/2024 | Posted in Financial Health by Sheru Asnani
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With interest rates and borrowing costs at elevated levels, it’s more important than ever to ensure your credit report is in good standing.
... More 5/29/2024 | Posted in Financial Health by Sheru Asnani
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A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More
3/14/2024 | Posted in Financial Health by Sheru Asnani
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Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head.
... More 3/5/2024 | Posted in Financial Health by Sheru Asnani
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Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023.
... More 2/6/2024 | Posted in Financial Health by Sheru Asnani
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Further analysis of the latest Canadian insolvency stats reveal some revealing elements that typically connect those whose finances have got too much for them.
... More 9/4/2023 | Posted in Financial Health by Sheru Asnani
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Higher living costs are pushing more and more Canadians into debt, according to a new report.
... More 6/20/2023 | Posted in Financial Health by Sheru Asnani
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Equifax Canada says new data suggests a significant shift in credit usage among businesses in the first quarter of 2023.
... More 6/15/2023 | Posted in Financial Health by Sheru Asnani
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Canadians' mortgage borrowing has reached its lowest level since 2003, primarily due to the impact of higher interest rates, according to recent data released by Statistics ... More
6/1/2023 | Posted in Financial Health by Sheru Asnani
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Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023.
... More 5/25/2023 | Posted in Financial Health by Sheru Asnani
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The federal housing agency has revealed the latest industry trends
... More 3/27/2020 | Posted in Financial Health by Sheru Asnani
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms.
... More 1/28/2020 | Posted in Financial Health by Sheru Asnani
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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
12/16/2019 | Posted in Financial Health by Sheru Asnani
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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.
... More 9/14/2019 | Posted in Financial Health by Sheru Asnani
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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.
... More 8/2/2019 | Posted in Financial Health by Sheru Asnani
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The average Canadian household paid nearly $40,000 in taxes last year, more than the combined cost of clothing, food and shelter, according to a new report.
... More 6/11/2019 | Posted in Financial Health by Sheru Asnani
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A warning has been issued regarding investment schemes that promise tax write-offs by investing in real estate through limited partnerships.
... More 5/23/2019 | Posted in Financial Health by Sheru Asnani
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC.
... More 5/23/2019 | Posted in Financial Health by Sheru Asnani
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well.
... More 5/14/2019 | Posted in Financial Health by Sheru Asnani
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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
4/22/2019 | Posted in Financial Health by Sheru Asnani
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Sign of deteriorating financial stability for many people in the country.
... More 1/22/2019 | Posted in Financial Health by Sheru Asnani
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency.
... More 1/9/2019 | Posted in Financial Health by Sheru Asnani
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth.
... More 12/6/2018 | Posted in Financial Health by Sheru Asnani
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The TFSA contribution limit for 2019 is $6,000, up from $5,500 in 2018.
... More 9/18/2018 | Posted in Financial Health by Sheru Asnani
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Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt.
... More 8/16/2018 | Posted in Financial Health by Sheru Asnani
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Despite rising mortgage costs, rents, and grocery bills, these were not the biggest drain on the average Canadian household income last year.
... More 5/13/2018 | Posted in Financial Health by Sheru Asnani
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Members of Generation X (aged 37 to 52) are finding it hard to save, and the tighter timeline is causing them stress, a Franklin Templeton report finds.
... More 5/2/2018 | Posted in Financial Health by Sheru Asnani
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Bank of Canada governor says heavy debt load poses risk to the economy, but he is confident it can be managed.
... More 4/17/2018 | Posted in Financial Health by Sheru Asnani
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Upward trend in rates would negatively impact Canadians' ability to service their debts.
... More 3/12/2018 | Posted in Financial Health by Sheru Asnani
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Canadians' collective household debt has climbed to $1.8 trillion as Bank of International Settlements sounds an early warning that the country's banking system is at ... More
2/28/2018 | Posted in Financial Health by Sheru Asnani
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Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks.
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