Tagged: Interest Rates

Housing correction? Maybe – but not a major decline

Housing correction? Maybe – but not a major decline

It is no secret that Bank of Canada governor Mark Carney is concerned about a potential decline in home prices. However, cycles of declining home prices are far from unusual in Canada.

Household debt to outpace income

Household debt to outpace income

When interest rates rise, 10 per cent of Canadian households could be in financial trouble, according to a TD Economics study.