Canadian households have increased their average debt by 3.6 per cent this quarter compared to a year ago. Equifax Canada says that average debt is now $22,081
Sales of homes in the Fraser Valley returned to more typical levels in November
Owning your own home has long been a key life-goal and achieving it has been a proud moment -- but there are signs that more Canadians are choosing to delay or even reject homeownership in favour of renting, even when buying makes financial sense.
Some of Canada’s largest real estate boards and associations have reported strong activity in home sales as the summer buying season gathers pace.
The weekly index of Canadian consumer confidence from Bloomberg/Nanos is at a two-year low, down to 52.31 last week from 53.41 a week earlier.
The annual Mortgage Alliance Rally of Hope has raised $135,000 for the Canadian Cancer Society.
New data from the Toronto Real Estate Board show that less commercial space in the area was leased in July 2015 compared to a year earlier.
Sales of homes in the Vancouver metro were running at about a third more than the 10-year average in July despite inventory remaining tight.