Mortgage Debt

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We've Never Owed So Much

OTTAWA — Canadian household debt climbed to a new high in the second quarter, turning around after creeping lower for two quarters, according to Statistics Canada. Statistics Canada said Friday the ra...
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Canadians' Debt Burden Spikes

OTTAWA - Canadian households have returned to their free-spending ways and seniors have joined the party lately by borrowing to finance their post-retirement lifestyles, a new report says.The report f...
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Mortgage Free? In Your Dreams.

The average age at which Canadian homeowners with a mortgage believe they will be mortgage free is 57, compared to age 55 in a similar CIBC poll one year ago. And, surprise: residents of B.C. had among the longest repayment expectations in Canada at age 59