In March, residential mortgage debt in Canada increased by 0.3% compared to the previous month (when adjusted for seasonal variations). On a year-over-year basis, mortgage debt rose by 3.4%. This annual growth rate is the slowest Canada has seen since the year 2000.

For non-mortgage consumer lending, there was a 0.4% rise in March. This increase was primarily driven by a significant 1.1% growth in credit...

Investing in multi-unit real estate properties can be an excellent strategy for building wealth and achieving financial stability, but it requires careful consideration and well-informed decision-making. 

Calgary, for a wide variety of reasons, offers a prime location for such investments. With the right strategies, it is possible to find lucrative multi-unit properties for reliable income. However,...

The Office of the Superintendent of Financial Institutions (OSFI) has recently published its Annual Risk Outlook for 2024, which included some noteworthy insights.

OSFI projects that by the end of 2026, 76% of the existing mortgage loans as of February 2024 will come up for renewal. This high volume of renewals poses a significant risk to Canadian homeowners, especially those who secured mortgages at...