6/13/2020 | Posted in Financial Health by Tuscany Hills Realty Services
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The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level. ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Tuscany Hills Realty Services
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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

Real Estate & Mortgage News

  1/2/2020 | Posted in Canada Living by Tuscany Hills Realty Services
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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

Real Estate & Mortgage News

  12/16/2019 | Posted in Financial Health by Tuscany Hills Realty Services
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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

Real Estate & Mortgage News

  9/14/2019 | Posted in Financial Health by Tuscany Hills Realty Services
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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

Real Estate & Mortgage News

  6/17/2019 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More

Real Estate & Mortgage News

  5/29/2019 | Posted in Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada today maintained its target for the overnight rate. ... More

Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Tuscany Hills Realty Services
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC. ... More

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Tuscany Hills Realty Services
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More

Real Estate & Mortgage News

  5/14/2019 | Posted in Financial Health by Tuscany Hills Realty Services
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Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Real Estate & Mortgage News

  4/29/2019 | Posted in Canadian Economy and Interest Rates by Tuscany Hills Realty Services
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Canadians now owe an average of $1.79 for every dollar of disposable income. ... More

Real Estate & Mortgage News

  4/24/2019 | Posted in Interest Rates by Tuscany Hills Realty Services
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Bank of Canada keeps rates steady, cuts language about future hikes. ... More

Real Estate & Mortgage News

  4/22/2019 | Posted in Financial Health by Tuscany Hills Realty Services
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Sign of deteriorating financial stability for many people in the country. ... More

Real Estate & Mortgage News

  3/15/2019 | Posted in Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More

Real Estate & Mortgage News

  3/14/2019 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water. ... More

Real Estate & Mortgage News

  3/6/2019 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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More Canadians are running into serious issues with their mortgage payments according to a new report. ... More

Real Estate & Mortgage News

  2/25/2019 | Posted in Interest Rates by Tuscany Hills Realty Services
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even negative ... More

Real Estate & Mortgage News

  2/20/2019 | Posted in Ontario News by Tuscany Hills Realty Services
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A recent report reveals desperate measures of indebted consumers in Ontario. ... More

Real Estate & Mortgage News

  1/22/2019 | Posted in Financial Health by Tuscany Hills Realty Services
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An increasing number of Canadians say they are concerned about their debts and are edging towards insolvency. ... More

Real Estate & Mortgage News

  1/16/2019 | Posted in Interest Rates by Tuscany Hills Realty Services
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What the Bank of Canada's decision to hold its key rate means for borrowers and savers. ... More

Real Estate & Mortgage News

  1/9/2019 | Posted in Financial Health by Tuscany Hills Realty Services
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth. ... More

Real Estate & Mortgage News

  12/17/2018 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ... More

Real Estate & Mortgage News

  12/7/2018 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada. ... More

Real Estate & Mortgage News

  11/2/2018 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017. ... More

Real Estate & Mortgage News

  10/31/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom ... More

Real Estate & Mortgage News

  10/24/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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CIBC, TD, Royal Bank and BMO all hike their prime rates too ... More

Real Estate & Mortgage News