Vanguard Realty

Canadian Bankruptcies Jump At Fastest Pace Since Financial Crisis

5/14/2019 | Posted in Financial Health by Vanguard Realty
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Higher interest rates and a record-large debt burden are taking their toll on Canadians, with the number of households filing for insolvency hitting an eight-year high in the ... More

Bankruptcy, Canada, Household Debt, Insolvency, Interest Rates, NonMortgage Debt, Office of the Superintendent of Financial Institutions

Household debt to have knock-on effect upon banks, economy

4/29/2019 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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Canadians now owe an average of $1.79 for every dollar of disposable income. ... More

Bank of Canada, Bankruptcy, Canada, Canadian Banks, Household Debt, Insolvency, Interest Rates, NonMortgage Debt

Mortgage delinquencies on the rise

3/6/2019 | Posted in Mortgages and Real Estate by Vanguard Realty
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More Canadians are running into serious issues with their mortgage payments according to a new report. ... More

Bankruptcy, Household Debt, Mortgage Consumers, Mortgage Delinquency, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt

Why Canadians are suffering a bankruptcy spike

2/25/2019 | Posted in Interest Rates by Vanguard Realty
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even negative ... More

Bank of Canada, Bank of Canada Benchmark Rate, Bankruptcy, Canada, Household Debt, Interest Rates, Mortgage Consumers, Mortgages & Real Estate, NonMortgage Debt

More people are going broke in Canada as interest rates rise

1/9/2019 | Posted in Financial Health by Vanguard Realty
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It's a worrying sign for an economy that has relied so heavily on consumer spending and the housing market to drive growth. ... More

Bankruptcy, Consumer Confidence, Consumer Spending, Finance, Household Debt, Interest Rates, NonMortgage Debt, Personal Finance

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