household net worth

Young homeowners lead the way in paying down mortgage debt

Young Canadians shed mortgage debt as older homeowners borrow more

April 14, 2025 No Comments

Canadian homeowners experienced a shift in borrowing behaviour last year, with younger households reducing their mortgage balances while older age groups took on more debt.

Canadian household net worth climbs as assets gain, but debt levels also rising

March 13, 2025 No Comments

Canadian households saw their net worth grow by $236.3 billion (+1.4%) in the fourth quarter of 2024, pushing total household wealth to $17.5 trillion, according to Statistics Canada.

Latest in mortgage news: Borrowers must adapt to ‘new normal’ of higher rates, says Macklem

June 16, 2024 No Comments

Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly.

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household net worth

Young Canadians shed mortgage debt as older homeowners borrow more

Canadian household net worth climbs as assets gain, but debt levels also rising

Latest in mortgage news: Borrowers must adapt to ‘new normal’ of higher rates, says Macklem

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