Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans by Daniel Wong • Jan 14, 2021 • 53 Comments It’s odd to see it occur while almost every market reports record home sales.
Just in Time: Use of Home as ATM Surges in Canada by Daniel Wong • Aug 17, 2018 • 52 Comments Cash extraction at the peak of a long housing bubble, via multiple mortgages on the same property: Does that ring a bell?
Bank of Canada: 8% of Canadian Households Owe More Than 20% of the $2.1 Trillion in Debt by Daniel Wong • May 5, 2018 • 49 Comments These Canadians are in a “highly vulnerable” position.
Congrats! Canadians Just Set a New Record for Borrowing Against their Homes by Daniel Wong • Apr 19, 2018 • 25 Comments Canadians’ personal debt against their homes tapering? That would be ridiculous!