household debts

household debts

NO HOUSING BUBBLE

Finance Minister Jim Flaherty said he isn’t planning new measures to restrain the country’s housing market because his past four rounds of action have already worked to avoid a bubble. Flaherty has warned consumers to avoid mortgages that could become unaffordable when borrowing costs rise, after Canadians took on record household debts relative to disposable [...]

By |2017-01-04T01:02:25+00:00August 22nd, 2013|Economy|0 Comments

Canadians paying off mortgages early: CMHC

OTTAWA — Canadian homeowners are doing a good job of paying off their mortgages early, according to the Canada Mortgage and Housing Corp., which released its third-quarter results Tuesday. While mortgage repayments can be spread out over 30 years, the CMHC reports that the average amortization period for mortgages insured by the national housing agency [...]

By |2017-01-04T01:02:30+00:00December 1st, 2011|Uncategorized|0 Comments