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Daily Archives: July 10, 2021

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The New Focus for Many Canadians: Mortgage Debt?

Posted on July 10, 2021
By Eric MajdalaniMortgage
debt2

If we thought credit card debt was always a difficult issue amongst Canadians, there is now an even bigger problem: mortgage debt. Claims suggest homebuyers have pushed new mortgages to unprecedented levels, according to a new report from Equifax Canada. “Much of the growth in consumer debt, which stands at $2.08 trillion, up 4.78% from Q1…

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  • How Does A Construction Mortgage Work?
  • What a Bank of Canada Rate Hold Means For Buyers, Sellers and Mortgages in 2026
  • Why fixed mortgage rates may not move when the Bank of Canada does
  • Big Bank Warns 2026 Might Prove Very Tough For Canadians Who Chose Variable Mortgages
  • Buyers Could Edge Back to Canada’s Housing market in 2026, says real estate giant
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