MoneySense Toolkit: The mortgage refinance calculator + MORE Jan 16th
Housing market slowdown continues with sales and average prices well down from last year - CBC News + MORE Oct 14th
Watch: What Is the First-Time Home Buyer Incentive? + MORE Apr 7th
What is a line of credit and what is it best used for? We make it make sense Oct 5th
Summary of Housing Promises from Canada’s Main Political Parties
– canadianmortgagetrends.com
Canadians Are Paying Down Their Non-Mortgage Debt
– canadamortgagenews.ca
We know that Canadians have never had more disposable income. Lockdowns physically limited our ability to shop and dine out while CERB payments padded our pockets for months. But people weren’t running out and buying Teslas. In fact, they were using their excess cash to pay down expensive debt.
This happened almost immediately. Less than two months into the first lockdown, May 2020 saw the first decline in non-mortgage debt in decades. By January 2021, non-mortgage debt had plummeted by more than $20 billion, including a whopping decline of $16.6 billion in credit card debt. Now able to pay down their Visa bills, Canadians were able to incur more practical debt: mortgage debt…
Record Mortgage Growth and Higher HELOC Usage in Q2
– canadianmortgagetrends.com