Vancouver Housing not Affordable According to RBC
Filed Under Main Content · Tagged: Affordable Housing, Canada Cities, Downturn, Globe And Mail, Globe Mail, Mail Canada, Rbc, Risk, Vancouver
Globe and Mail
Canada cities offer reasonably affordable housing…Vancouver is at risk of a downturn. See all stories on this topic »
B.C. households most at risk to debt shocks – The Globe and Mail
Filed Under Main Content · Tagged: British Columbia, Economic Shock, Falling House Prices, Globe And Mail, Globe Mail, Households, Interest Rate Hikes, Jobless Rate, Risk, Shocks, Toronto Dominion Bank
Households in British Columbia are most vulnerable to an unexpected economic shock like falling house prices, swift interest rate hikes or a surging jobless rate, a paper by Toronto-Dominion Bank said Wednesday.
B.C. households most at risk to debt shocks – The Globe and Mail
Why a rate hike won’t be a blow to most – The Globe and Mail
Filed Under Main Content · Tagged: Blow, Debt Levels, Economy, Globe And Mail, Globe Mail, Interest Rates, National Bank Financial, Overweight, Rate Hike, Risk
But while the risk of overweight debt levels is a "significant" one to the economy, the effects of the inevitable rise in interest rates should not be overestimated, National Bank Financial says in a new report.
Why a rate hike won’t be a blow to most – The Globe and Mail
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…
