Declining income pushed a national measure of Canadian household debt to a record high in the three months ended in September, Statistics Canada reported Monday.
Canadians have become more inclined in recent years to put money in investments that guarantee a return, even if it is small, as opposed to risky investments with higher upside potential, a new survey shows.
Economists were polishing their crystal balls this week and trying to peer into the future to see what next year’s real estate market will be like, with predictions varying widely.
Gregory Klump spends his days studying the housing market as the chief economist for the Canadian Real Estate Association.
When interest rates rise, 10 per cent of Canadian households could be in financial trouble, according to a TD Economics study.