4/15/2020 | Posted in Canada Living by Terra Realty
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Nearly four-fifths of Canadians expect the economy to worsen over the next few months. ... 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

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  3/19/2020 | Posted in Canadian Economy and Housing Market by Terra Realty
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A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic. ... More

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  1/2/2020 | Posted in Canada Living by Terra Realty
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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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  10/21/2019 | Posted in Canadian Economy and Interest Rates by Terra Realty
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The cost of living was higher across many products and services in September. ... More

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  9/19/2019 | Posted in Canadian Economy and Housing Market by Terra Realty
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The average Canadian household was worth less in 2018 than in the previous year. ... More

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  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

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  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

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  2/20/2019 | Posted in Ontario News by Terra Realty
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A recent report reveals desperate measures of indebted consumers in Ontario. ... More

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  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

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  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

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  8/21/2018 | Posted in Canadian Economy and Housing Market by Terra Realty
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Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances. ... 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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  1/15/2018 | Posted in Mortgage Interest Rates by Terra Realty
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If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More

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  1/10/2018 | Posted in Financial Health by Terra Realty
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The amount Canadians owe relative to their income hit a new high in the third quarter of 2017, household credit market debt as a proportion of household disposable income ... More

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  12/8/2017 | Posted in Financial Health by Terra Realty
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Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ... More

Real Estate & Mortgage News

  10/24/2017 | Posted in Financial Health by Terra Realty
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According to the results of a new poll conducted by a leading insolvency firm, fully one-third of Canadians indicated that they are already feeling the pinch of increasing ... More

Real Estate & Mortgage News

  9/29/2017 | Posted in Mortgages and Real Estate by Terra Realty
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The latest poll by Forum Research Inc., which was conducted right after the Bank of Canada’s decision to increase its benchmark overnight rate to 1% earlier this month, ... More

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  9/24/2017 | Posted in Financial Health by Terra Realty
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Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise. ... More

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  9/22/2017 | Posted in Financial Health by Terra Realty
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Canadians’ appetite for borrowing does not appear to be waning any time soon, if the latest figures from the Bank of Canada are any indication. ... More

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  9/19/2017 | Posted in Financial Health by Terra Realty
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In its latest data release, Statistics Canada announced that the amount Canadians owed compared with their disposable income climbed higher in the second quarter. ... More

Real Estate & Mortgage News

  9/12/2017 | Posted in Financial Health by Terra Realty
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Canadian consumers can expect to feel some financial effects following the Bank of Canada's decision to raise the key interest rate. ... More

Real Estate & Mortgage News

  9/6/2017 | Posted in Financial Health by Terra Realty
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Debt levels in Ontario are outpacing the other provinces while those in Western Canada are declining – and it’s not just home loans. ... More

Real Estate & Mortgage News

  8/24/2017 | Posted in Financial Health by Terra Realty
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With home prices rising across the country, many would assume that housing costs (including rent and mortgage payments) are the most expensive budget item for the average Canadian ... More

Real Estate & Mortgage News

  8/23/2017 | Posted in Financial Health by Terra Realty
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Unprecedented household debt levels will give Canadians a rude awakening on their unpaid credit card bills if another economic downturn materializes in the coming years, according ... More

Real Estate & Mortgage News

  7/19/2017 | Posted in Financial Health by Terra Realty
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The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says. ... More

Real Estate & Mortgage News

  6/23/2017 | Posted in Financial Health by Terra Realty
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Canadian household debt is rising and is set to keep rising despite expected increases in interest rates; and that worries the Parliamentary Budget Officer. ... More

Real Estate & Mortgage News

  6/14/2017 | Posted in Mortgages and Real Estate by Terra Realty
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Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ... More

Real Estate & Mortgage News

  6/13/2017 | Posted in Mortgages and Real Estate by Terra Realty
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Millenials are confident in their financial future and in the housing market, according to a new study. ... More

Real Estate & Mortgage News

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