StatsCan’s National Household Survey – Consult with a Vancouver Mortgage Broker

StatsCan’s National Household Survey Three out of five homeowners are saddled with mortgages. But in many ways it’s harder being a renter. Statistics Canada finds that a significantly larger percentage of renters are overextended than homeowners in this country. That’s one of the more noteworthy findings in its National Household Survey (NHS) data released this week. Other highlights:   […]

In a nation of borrowers, savings on the rise – Consult with Vancouver Mortgage Broker

Are Canadians switching from a nation of borrowers to a country of … savers? New numbers suggest they are. The household savings rate in Canada rose to 5.5 per cent in the first quarter of this year, according to GDP data released last week by Statistics Canada. That’s now well above the U.S. rate, which […]

Majority of Canadians stress about finding RRSP cash – Adil Virani Vancouver Mortgage Broker

Canadians who are stressed about the annual RRSP deadline are not alone according to a new study that found 60 per cent of respondents feel anxious about coming up with the money for their retirement savings. And almost half of respondents to the survey – 49 per cent – who make an annual RRSP contribution […]

Do Single Home Buyers Face More Challenges Than Couples? – From your Vancouver Mortgage Broker

Do Single Home Buyers Face More Challenges Than Couples? – From your Friendly Mortgage Broker If you’re a single person and thinking of buying a home, you might be wondering if it’s time to buy a home and what sort of obstacles you could face when applying for a mortgage. As a Vancouver mortgage broker, […]

Paying down debt Canadians’ main focus in 2013: poll

Canadians appear less concerned about retirement planning than in years past as they continue to focus on debt reduction as their main financial priority, according to a new study released Wednesday by CIBC. Over all, the poll done for the bank by Harris/Decima showed 17 per cent of respondents selected debt reduction as their main […]

Canadian wage gains outpace inflation

ORA MORISON The Globe and Mail On average, Canadians brought home more cash in May, and earnings continued to grow faster than inflation. Statistics Canada reported Thursday that average weekly earnings crept up 0.5 per cent in May compared with April, and that gains were felt in all provinces. The average worker made $894.61 per week — […]

Canada Household Debt: Majority Frets About What They Owe, But Still Think Others Are The Real Problem

With policymakers warning about rising household debt levels, a new survey shows that Canadians are both worried about what they owe, and in denial about how their debt compares to those around them. The seemingly contradictory conclusion was reported on Monday by the Toronto-based online mortgage comparison service 

Most Canadians feel their debt situation better than others’

OTTAWA — When Canadians see news about the country’s growing issue with personal debt, it seems most feel it’s other people — not them — causing the problem. At least that’s the suggestion of a survey done for Royal Bank of Canada, results for which were released Wednesday. The RBC poll had 75 per cent […]

Consumers cope as prices rise

Canadians are digging in and watching their pennies, finding new — and old — ways to cope as the country’s highest inflation rate in eight years smacks up against record consumer debt levels. According to the RBC Canadian Consumer Outlook Index, released Wednesday, Canadians are carrying an average $13,058 in personal debt — not including […]

Younger families most snared by debt

Debt is the slavery of the free, the Syrian writer Publilius Syrus said all the way back in the 1st century B.C. And here we are, a few millennia later, more ensnared than ever. Canadian household debt loads hit record territory this year, surpassing even levels south of the border. A new Statistics Canada paper […]

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