xhamster porno

I Would Like to be Contacted

First name:
Last name:

Validation code:
   * All fields are mandatory

Contact Information

2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com

9 December 2019

Next year could be crucial for some Canadian borrowers

The recent report by TransUnion Canada says the outstanding credit card balances have exceeded the $100-billion level in Q3. It’s the first time on record, meaning Canadian borrowers keep piling up debts on the wave of extremely low interest rates.

Overall, Canadians keep managing their debts. Nevertheless, it’s important to pay attention to one certain report finding. A warning sign is growing non-mortgage delinquency rate – it was up by almost 0.26% to 5.54% in the third quarter. Although it’s not a significantly high number, it’s still growing.

As previous reports by TransUnion show, in case Canadian borrowers face financial issues with credit cards, auto loans and mortgage payments, they tend to miss their credit card payment first, and manage the others.

The deal is that when you find yourself in a debt problem, you may want to keep up with auto loan payments so that you could get to work or find a new job. In addition to it, most people will do everything possible to keep their homes, so the decision is quite logical.

According to TransUnion, the mortgage market starts showing signs of higher activity, as people try to benefit from low rates. In addition to it, there’s imbalance between supply and demand of the real estate market.

Following a slowdown caused by the new mortgage rules, the sector may gain the pace next year. The report’s positive finding is mortgage originations increase by 4.5% and a modest mortgage balances gain by 1.3%.

The Canadians know how much they owe, and they express worries about that, so 2020 could be a crucial year for borrowers who tend to ignore the vivid signs of living on the edge.



Add comment

Security code


16 January 2020

CREA predicts home prices growth in 2020 The latest report by the Canadian Real Estate Association (CREA) shows the national housing prices kept rebo...Read more >>

15 January 2020

Toronto saw a significant real estate prices increase in 2019 It looks like Toronto is on its peak of recovery following about 2 years of declines, c...Read more >>

14 January 2020

Business confidence in Canada is growing According to the recent poll by the Bank of Canada, business confidence has increased slightly due to weaker...Read more >>
Licence# 10349

7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
© 2010 Michael Tulchenetskiy & Denys Derzhavets Mortgage Brokers. All Rights Reserved