RBC has observed a notable uptick in mortgage delinquencies, particularly within the Greater Toronto Area (GTA), signaling emerging financial stress among homeowners. In its second-quarter earnings report, the bank revealed that the 90-day mortgage delinquency rate rose to 0.30%, up from 0.28% in the first quarter and 0.19% in the same period the […]
Before starting the homebuying process, it’s important to recognize that having a down payment ready is just one step. Many prospective buyers overlook key factors that can affect their ability to purchase a home successfully. Financial Preparedness:Many buyers believe they’re ready because they’ve saved a down payment, but they often skip important steps like getting […]
We expect the Bank of Canada to hold rates steady on Wednesday, following April’s pause after seven consecutive cuts. While arguments for a cut remain—such as weakening labour markets, particularly in manufacturing (which saw a 30,600-job drop in April, the largest monthly decline since the pandemic), an uptick in unemployment to 6.9% from 6.6% in […]
On the surface, the latest inflation report brought welcome news: Canada’s annual inflation rate slowed to 1.7% in April. This drop below the Bank of Canada’s 2% target would normally have markets buzzing about an imminent interest rate cut. However, a closer look at the data reveals a much more complicated picture, clouding the path […]
TD Bank’s latest quarterly earnings report reveals a significant trend in the Canadian housing market: its residential mortgage portfolio shrank in the second quarter of 2025. This slowdown in one of the country’s largest lenders offers a clear window into the pressures facing both banks and consumers in a high-interest rate environment. The bank’s Canadian […]
The latest data from Equifax Canada paints a concerning picture of the financial health of the nation. A staggering 1.4 million Canadians missed at least one credit payment in the first quarter of 2025, signaling rising financial stress amid persistent economic uncertainty. This trend highlights a growing divide between those who are managing and those […]
Canada’s housing market has seen a subtle shift, with homeownership costs experiencing their fourth consecutive quarterly decline in late 2023. On average, Canadian households are now allocating 55.9% of their income to cover essential housing expenses like mortgage payments, property taxes, and utilities. This marks a notable improvement from the peak of 63.8% recorded just […]
A recent report by Canadian Mortgage Trends indicates that more Canadians are delaying home purchases due to increasing economic concerns, including rising fears of a recession. According to BMO’s latest Real Financial Progress Index, a significant majority (74%) of Canadians are now worried about a potential recession, a notable increase from the previous month. This […]
