Vanguard Realty

BoC's Macklem: Rate hikes nearing end, but consumer pain ahead

11/3/2022 | Posted in Canadian Economy and Interest Rates by Vanguard Realty
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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank governor ... More

Bank of Canada, Bank of Canada Benchmark Rate, Canada Living, Consumer Confidence, Consumer Spending, Household Debt, Mortgage Consumers, Mortgage Rates, Mortgage Rates Canada, Mortgage Rates Forecast, Variable Rate Mortgages

Here's how a recession could affect your work, housing and expenses

10/14/2022 | Posted in Canada Living by Vanguard Realty
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Many economists say a mild recession is on the cards as they look ahead to 2023. ... More

Canada Living, Canadian Housing Market, Consumer Confidence, Consumer Spending, Economic Growth, Economic Recession, Household Debt, Rental Market

Millions of Canadians could default on debts warns TransUnion

9/7/2022 | Posted in Canada Living by Vanguard Realty
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Overall consumer debt hit a new record high in the second quarter and some people may be overwhelmed by inflation. ... More

Canadian Debt, Consumer Spending, Household Debt, NonMortgage Debt

Canada braces for higher mortgage defaults

4/21/2020 | Posted in Canadian Economy and Housing Market by Vanguard Realty
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More

Canada Living, Canada Real Estate, Canadian Households, Canadian Housing Market, Consumer Spending, Household Debt, Mortgage Consumers, Mortgage Delinquency

Millions of Canadians already missing payments due to COVID-19

3/27/2020 | Posted in Financial Health by Vanguard Realty
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The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms. ... More

Consumer Confidence, Consumer Spending, Cost of Living, Household Debt, Personal Finance

Canadian consumer confidence takes unprecedented slump

3/19/2020 | Posted in Canadian Economy and Housing Market by Vanguard Realty
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A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic. ... More

Canadian Housing Market, Consumer Confidence, Consumer Spending, Economic Growth, Personal Finance

Homeowners' spending on renovations falls to 6-year low

6/5/2019 | Posted in Home Owners by Vanguard Realty
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Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll ... More

Canada, Consumer Spending, Home Owners, Home Renovation

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

High debt levels, rising interest rates among challenges for 2019

12/19/2018 | Posted in Canadian Economy and Housing Market by Vanguard Realty
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Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates. ... More

Canada, Consumer Spending, Economic Growth, Household Debt, Interest Rates

Bank Of Canada Interest Rate Hikes Will Cost Canadian Households $2,500 A Year

10/30/2018 | Posted in Canadian Economy and Housing Market by Vanguard Realty
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Consumer spending is expected to slow as Canadians spend more on the interest on their debt. ... More

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

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