Seniors taking on debt at alarming pace

Second properties and flashier cars are driving senior citizens into escalating levels of debt, a TD Economics paper says. Many people 65 years old and older are borrowing to buy vacation and investment properties at a time of continued low interest rates and low returns on other investments, says the TD Economics paper released Tuesday. […]

First-time homebuyers helping to drive real estate sales But more potential buyers worried about growing costs

CALGARY — First-time homebuyers have accounted for about one in every two homes sold in Canada in the past two years, over more than a quarter of a million sales per year across the country, says a new report. A housing report by the Altus Group, an economic consulting firm, says the majority of first-time […]