Canadian Consumer Data

Canadian Consumer Data

Lately, there has been much media hype about the Canadian economy, and the data seems to suggest we are certainly experiencing growth. However, one pressing question remains – how much of this growth will actually be felt by the average Canadian? Recently, the...

New Mortgage Rules

In an effort to ensure that Canadians are not taking on more mortgage debt than they should, the Liberal government announced several changes that will come into effect beginning on October 17th. These changes are: 1.) Expanding the mortgage rate stress test to all...

Recent BMO poll on mortgage affordability

I read an article from Reuters which I found to be of interest and as a result am sharing it with you today. With interest rates at record lows, a Canadian housing market that has not seen a correction in sixteen years, a soft employment market, and a weakened energy...