Personal Finance
Money
Canadians Are Seeking Second Jobs, Contemplating Moving As Housing Costs Soar
Amid higher monthly mortgage and rent payments, a new survey reveals that 31% of Canadians have had to “seek additional income” in order to make ends meet.
Oct 30, 2023
Money
More Than 75% Of Canadians Are Not Financially Resilient
Only 18% of Canadians with a variable-rate mortgage are financially resilient.
Personal Finance
Household Mortgage Debt Sees Slowest Pace Of Growth In Over 11 Years
Although household mortgage debt rose in May and surpassed $2.1T, the increase marked the slowest pace of growth since December 2011.
Personal Finance
Fidelity Partners With Brookfield To Launch Private Real Estate Investment Portfolio
Fidelity Investments has partnered with Brookfield Asset Management to launch a new private real estate market portfolio.
$6.9M Modern Farmhouse Sits On 12 Acres In The Heart Of Aurora
Beyond a sprawling, private lot, the property touts a stunning modern farmhouse with all the trappings of luxury.
Personal Finance
What Will Be The BoC’s Next Interest Rate Move? Some Experts Say It's A “Coin Toss”
There’s no shortage of speculation surrounding the next BoC interest rate decision, slated for Wednesday, July 12.
Personal Finance
Will Wednesday’s BoC Rate Decision Bring A Hike? Experts Weigh In
On the heels of Canada’s latest inflation and GDP readings, experts are cautioning that another interest rate hike is not off the table.
Personal Finance
Millennial Renters Will Have to Save 50% More Than Homeowners for Retirement
New data from Mercer shows that millennial renters will have to save eight times their salaries in order to “comfortably retire” by 68.
Personal Finance
Bank of Canada Holds Key Interest Rate at 4.5%
The Bank of Canada held its target for the overnight rate on Wednesday, maintaining interest rates at 4.5%.
Personal Finance
Bank of Canada Pauses Interest Rate Hikes, Holds at 4.5%
For the first time in a year, the Bank of Canada chose not to raise interest rates, announcing that it will hold its policy rate at 4.5%.
Personal Finance
Canadian Insolvencies Reach Highest Number Since March 2020
As interest rates rose and the cost of living soared, November 2022 saw the highest number of Canadian insolvencies in 32 months.
Personal Finance
Canadian Consumer Debt Reaches $2.36T as Credit Card Spending Hits New High
Canadian consumer debt continued to climb during the third quarter of the year, reaching $2.36 trillion -- a more than 7% jump from Q3 2021.
Personal Finance
More Than Half of Canadians are Cutting Back on Holiday Spending
New data from the the Angus Reid Institute shows that 56% of Canadians are cutting back on holiday spending.
Personal Finance
Canadians Credit Participation Reaches a Record High: TransUnion
Coming as no surprise to many, given the challenging state of our economy, more Canadian consumers are turning to credit.
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