Second mortgages: Pile on the debt, pile on the risk
Filed Under Main Content · Tagged: Bank Of Canada, Canada Data, Consumer Debt, Debts, Doom, Family Debt, Household Income, Mortgage Debt, Ottawa, Portents, Research Organization, Risk, Second Mortgages, Vanier Institute Of The Family
Financial Post- Second mortgages on homes are no longer seen as portents of financial doom. Though they are debts piled on top of existing first mortgages, they have become what people do to get by.
According to a study by the Vanier Institute of the Family, an Ottawa-based research organization, the average Canadian family carries consumer and mortgage debt equal to 145% of household income. That ratio could rise to 160% by the end of 2012, according to Bank of Canada data. Yet coping with family debt has made second mortgages seem almost sensible…
Second mortgages: Pile on the debt, pile on the risk
Non-residential construction swings higher in Victoria
Filed Under Main Content · Tagged: Canada Data, Construction Victoria, First Quarter, Investment Capital, Nbsp, Residential Construction, Statistics Canada, Swings, Times Colonist Victoria, Victoria Times Colonist
Times Colonist, Victoria - The first quarter saw investment in the capital region climb to $102 million, up by seven per cent over the first quarter of 2008 when $95 million was spent, Statistics Canada data revealed yesterday…
