Opinion: A report quietly released by the Financial Consumer Agency of Canada warns mortgage specialists are incentivized to sell mortgages that yield higher commissions, with insufficient oversight
Tag Archives: Household debt
How Canadian homes became debt traps
From 2017: Canadians have been using their homes as piggy banks. The fallout has begun.
Here’s how Canadians could walk away from their homes if house prices fall
Opinion: When the U.S. housing market crashed many Americans simply abandoned their mortgages. Think that couldn’t happen here? Guess again.
Canadians pile up debt faster than anyone in the world
Econ-o-Metric: The risks are rising as Canada’s borrowing binge accelerates
A national real estate crash isn’t in the cards
The Bank of Canada says we won’t have a U.S.-style housing crash, but we resemble pre-crisis America in other dangerous ways
Canadians are borrowing their way to ‘wealth’
And increasingly they are tapping family and friends for funds
How to keep from drowning in credit card debt
Ways to manage your debt before you’re under for good
Drowning in debt is the new normal in Canada
An expert in consumer insolvency describes what it’s like on the front lines of Canada’s worsening household debt crisis
The Bank of Canada just laid out how the economy could tank
The Bank has taken to YouTube to warn Canadians about the dangers of too much debt and unrealistic house price expectations. Will anyone listen?
Grandpa, what’s an interest rate hike?
A generation of workers and borrowers have grown up never knowing that interest rates can also go up. They’re about to learn what it feels like.