6/29/2022 | Posted in Canadian HELOC by Crescendo Realty
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Home equity lines of credit (HELOCs) were a common way for Canadian homeowners to tap into their home’s equity during the long run of low interest rates and rapidly rising ... More
6/26/2022 | Posted in Interest Rates by Crescendo Realty
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The possibility of a full-percentage point interest rate hike from the Bank of Canada at its July meeting is now firmly on the table following the latest inflation data for May, ... More
6/14/2022 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The likely deceleration of the housing market would be a welcome effect, Macklem says ... More
6/14/2022 | Posted in Canadian Economy and Housing Market by Crescendo Realty
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Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes grew ... More
6/13/2022 | Posted in Canadian Housing Market by Crescendo Realty
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Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada. ... More
1/28/2020 | Posted in Financial Health by Crescendo 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
1/2/2020 | Posted in Canada Living by Crescendo 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
12/31/2019 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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TD economists says the cost of servicing debts should ease early in 2020 ... More
12/16/2019 | Posted in Financial Health by Crescendo 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
9/19/2019 | Posted in Canadian Economy and Housing Market by Crescendo Realty
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The average Canadian household was worth less in 2018 than in the previous year. ... More
9/14/2019 | Posted in Financial Health by Crescendo 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
9/4/2019 | Posted in Interest Rates by Crescendo Realty
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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More
8/20/2019 | Posted in Interest Rates by Crescendo Realty
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More
8/2/2019 | Posted in Financial Health by Crescendo 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
