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An inside look at how your loans — and spending — affect your credit score Apr 6th
Having a variety of loans could help strengthen your credit score — or harm it, depending on your spending and payment history. But a credit card, car loan and mortgage work differently, making it hard to know how to improve your number..... More »
Many mortgage holders have little room for higher payments: MPC + MORE Jun 26th
New consumer research finds recent buyers and newcomers are facing sharper affordability pressure, even as confidence in homeownership remains resilient..... More »
What happens when your landlord misses mortgage payments? + MORE Jun 11th
You held up your end of the bargain and paid your rent on time—only to learn your landlord failed to keep up with mortgage payments and the home may need to be sold. Panic sets in, as you don’t know if you can continue to call this place your home. Experts say there are a number of ways thi.... More »
Mortgage growth outpaced housing gains in late 2025 + MORE Apr 15th
Home values declined while borrowing increased, leaving financial markets to drive overall wealth growth..... More »
Mortgage Digest: Bond yield spike drives latest fixed mortgage rate hikes of up to 30 bps + MORE Mar 22nd
Markets are rapidly repricing inflation and rate expectations, driving bond yields higher and triggering a new round of fixed mortgage increases.... More »
What New Year’s credit deals promise—and why you should be wary
– moneysense.ca
January is for fresh starts, but too many Canadians are held back by last year’s overspending. Lenders know about new year’s debt-hangovers, so you may be seeing more credit offers in your inbox—but be wary. Used incorrectly, that deal on a balance transfer or sign-up bonus could get you into even deeper financial trouble.
Credit card debt in Canada
If your last credit card statement dampened your seasonal joy, you’re not alone. According to TransUnion, consumer credit card debt rose 1.95% year over year in 2025, with even bigger jumps for mortgages, lines of credit, and auto loans. Wealthsimple reports that Canadians hold an average of $4787 in credit card debt, which can take time to pay off. And all the while credit card interest accumulates.
Mark Kalinowski, a Financial Educator at the Credit Counselling Society, points to compound interest, or “the interest paid on the interest.” When you pay only the minimum amount due or less than the full balance, interest accumulates…
