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Welcome to our newsletter, The Friday Finale! A simple, quick snapshot of information for you! Below are recent highlights of news over the past two weeks. | |
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How concerning are surging household debt levels in Canada? | Household debt is shooting through the roof in Canada, with the debt-to-income ratio continuing to spike in the first quarter of the year. Statistics Canada said on Wednesday that household credit market debt as a proportion of household disposable income rose to 184.5% in Q1, an increase from 181.7% in 2022’s final quarter. | | Bank of Canada Expected to Hit Market with Two More Rate Hikes: BMO | Higher rates weren’t enough to kill Canada’s economy—they only made it angry. The Bank of Canada (BoC) surprised the market with a rate hike last week, and BMO doesn’t think it was the last one. Canada’s economy is running so hot, the market now expects at least two more rate hikes. It’ll almost certainly lead to higher mortgage rates, which will throttle demand for housing at these prices. That’s not just a coincidence. | | | |
Exclusive: Canada bank Regulator says Lenders Should Urgently Tackle Risks From Mortgage Extensions | Canada's financial regulator is urging lenders to tackle risks from mortgage extensions at the "earliest opportunity" as many borrowers try to navigate higher mortgage costs after the Bank of Canada's surprise rate hike last week.
| | Canada's Banking Watchdog Raises Key Buffer for Banks Amid Economic Fears | Canada’s biggest banks will be required to set aside more money to cover possible losses as the country’s banking watchdog points to growing fears of an economic downturn. | | | |
The Green Effect Podcast!
| Finance, life, business and everything in between! Brand new content with just myself gabbing away about the real estate world, personal stuff going on in my life, stories as an investor, and whatever else! Come with me on the journey inside my head. | | BLOG POST: Green Thoughts | Most Recent Blog:Buying Versus Renting
At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. And purchasing a home is one of the biggest decisions most people ever make. | | | |
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