Household debt

June 25 2010- Bay Street looked like a very quiet Sunday morning except for a few hundred Cops up an

Canada’s mortgage market might be a cesspool, the federal government just warned

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
(Photo illustration by Stephen Gregory and Heshmat Saberi)

How Canadian homes became debt traps

From 2017: Canadians have been using their homes as piggy banks. The fallout has begun.
Unkempt Property of Foreclosed Working Class Ranch Style Home

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.
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Canadians pile up debt faster than anyone in the world

Econ-o-Metric: The risks are rising as Canada’s borrowing binge accelerates
Construction workers build homes on a lot in Toronto

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
Condominiums are seen under construction in Toronto

Canadians are borrowing their way to ‘wealth’

And increasingly they are tapping family and friends for funds
Coins

How to keep from drowning in credit card debt

Ways to manage your debt before you’re under for good
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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
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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?
Jason Kirby

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.