by Kevin Russell | Jun 30, 2023 | News
Canadian Households Dedicate A Record Share of Income To Debt Payments Canadians went on a record debt binge, and are now left with one of the worst hangovers in history. Statistics Canada (Stat Can) data shows the household debt service ratio (DSR) surged to a new...
by Kevin Russell | Jun 10, 2023 | News
The Bank of Canada’s decision to hike rates on Wednesday will put additional pressure on Canada’s already tight rental market, experts say. The BoC’s surprise 25-basis-point hike has pushed the overnight lending rate to 4.75 per cent and will indirectly cause shelter...
by Kevin Russell | Jun 10, 2023 | News
Halifax going after millions in federal funding to speed up housing starts HRM hoping to get more than $73 million over four years HALIFAX, N.S. — Halifax is going all in on an application for its share of $4 billion in federal housing accelerator funding. At a...
by Kevin Russell | Jun 10, 2023 | News
‘Financialization’ of housing is not the problem – in fact, we need more of it Jay-Ann Gilfoy is president and chief executive of Meridian, Ontario’s largest credit union. I’ve been thinking a lot lately about two hard, but related truths: the indisputable fact that a...
by Kevin Russell | Jun 10, 2023 | News
Trudeau says new housing-based long-term infrastructure plan coming this fall NDP Leader Jagmeet Singh says he’ll introduce legislation to ban some for-profit housing Prime Minister Justin Trudeau told Canada’s mayors Friday that his government will roll...
by Kevin Russell | Jun 10, 2023 | News
Canadian consumer debt hits all-time high, reaching $2.32 trillion in Q1 2023: TransUnion Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023. In a new...
