10/16/2021 | Posted in Financial Health by Terra Realty
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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 Terra Realty
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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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  6/30/2021 | Posted in Financial Health by Terra Realty
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One of the greatest bull markets in Canadian real estate history has resulted in Canadians amassing record mortgage debt. ... More

Real Estate & Mortgage News

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

Real Estate & Mortgage News

  12/11/2020 | Posted in Financial Health by Terra Realty
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Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday. ... More

Real Estate & Mortgage News

  11/30/2020 | Posted in Financial Health by Terra Realty
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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 Terra Realty
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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 Terra Realty
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But more challenging times could be on their way. ... More

Real Estate & Mortgage News

  7/24/2020 | Posted in Financial Health by Terra Realty
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There are some financial maxims younger generations hear from well-intentioned parents and other figures in their lives, but experts say that many of those go-to personal finance ... More

Real Estate & Mortgage News

  7/9/2020 | Posted in Financial Health by Terra Realty
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More

Real Estate & Mortgage News

  7/6/2020 | Posted in Financial Health by Terra Realty
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Data from the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that federal fiscal support and payment deferrals are helping households retain their purchasing ... More

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  6/13/2020 | Posted in Financial Health by Terra Realty
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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

Real Estate & Mortgage News

  5/20/2020 | Posted in Financial Health by Terra Realty
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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 Terra Realty
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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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  3/27/2020 | Posted in Financial Health by Terra Realty
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms. ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Terra Realty
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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

  12/16/2019 | Posted in Financial Health by Terra Realty
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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

Real Estate & Mortgage News

  9/14/2019 | Posted in Financial Health by Terra Realty
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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

Real Estate & Mortgage News

  8/2/2019 | Posted in Financial Health by Terra Realty
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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

Real Estate & Mortgage News

  6/11/2019 | Posted in Financial Health by Terra Realty
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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

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Terra Realty
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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

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Terra Realty
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More

Real Estate & Mortgage News

  5/14/2019 | Posted in Financial Health by Terra Realty
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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

Real Estate & Mortgage News

  4/22/2019 | Posted in Financial Health by Terra Realty
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Sign of deteriorating financial stability for many people in the country. ... More

Real Estate & Mortgage News

  1/22/2019 | Posted in Financial Health by Terra Realty
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency. ... More

Real Estate & Mortgage News

  1/9/2019 | Posted in Financial Health by Terra Realty
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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

Real Estate & Mortgage News

  12/6/2018 | Posted in Financial Health by Terra Realty
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The TFSA contribution limit for 2019 is $6,000, up from $5,500 in 2018. ... More

Real Estate & Mortgage News

  9/18/2018 | Posted in Financial Health by Terra Realty
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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

Real Estate & Mortgage News

  8/16/2018 | Posted in Financial Health by Terra Realty
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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

Real Estate & Mortgage News

  5/13/2018 | Posted in Financial Health by Terra Realty
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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

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