The recent report by Statistics Canada says consumer insolvencies were up by 22.5% in the third quarter on a year-over-year basis. This is the largest hike in 13 years. According to the federal agency, consumer insolvency filings rose by 2.3% from the previous quarter....

According to Canada’s biggest non-bank lender, it is monitoring its mortgage borrowers closely, but hasn’t noticed any “measurable issues” in regards to payment increases. During the company’s third-quarter earnings release, President and CEO Jason Ellis noted that the lender is “keeping a close eye”...

There are more and more mortgages issued by major Canadian banks that have amortization periods of more than 30 years. It means that the stress borrowers are facing due to interest rates hikes increases. Every interest-rate hike by the Bank of Canada raises the cost to...

Although Canada’s job market reported a strong jobs gain last month, many economists don’t believe it will change the Bank of Canada’s rate increase cycle. In October, Canada’s labour market added 108,000 jobs, exceeding Bloomberg surveyed economists’ forecast of only 10,000 new positions. However,...

Home sales in the Greater Toronto Area were twice lower in October than a year ago, while the number of new listings fell to a level not seen in more than 10 years, the new report by Toronto Regional Real Estate Board (TRREB) says....