Below you'll find a list of all posts that have been tagged as “debt”
Household debt in Canada has reached a ballooning 2.16 Trillion dollars. That is Trillion spelled with a “T”. Where is all of this debt coming from? Well, its not just your traditional mortgage debt – it is credit card debt, consumer credit debt, vehicle loans, and home equity lines of credit (HELOC’s). The potentially damaging factor in rising home equity …
The bank of Canada gave Canadians in debt a “gift” this past week. They gave Canadians the luxury of time. But just how much time do we have? It is no secret that the Canadian economy has been propped up for many years by extremely low interest rates. Canadian consumers have been buying new homes, vacation property, vehicles, and borrowing …
