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A quarter of Canadian homeowners say they’re ‘house poor’

A quarter of Canadian homeowners are “house poor,” a new RBC-commissioned Ipsos survey suggests. “House poor refers to Canadians who overextend themselves and spend an unusually large proportion of their total income (roughly 30–40% or more) on home ownership,” an RBC...

Signs point to lower Canadian mortgage rates this year

Experts see signs that mortgage interest rates in Canada may continue dropping this year. In a note sent to clients this morning, BMO Senior Economist Robert Kavcic points to the fact that five-year government bond yields have been declining, a key indicator for where...

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