Canadian Mortgage Debt Hits A New Record, $1.56 Trillion Outstanding – Ellie Pourian

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Credit monitoring agency Equifax says consumer debt, including mortgage debt, rose to $1.529 trillion at the end of 2014.That was up 7.7 per cent from $1.42 trillion at the end of 2013, including.

"That’s how I will govern as president. I will reach out my hand to anyone to help me get this country moving again. I have that record and the scars to prove it. Senator Obama does not." Citing his.

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Canadian Household Debt Hits Record High – $1.8-Trillion Owed. As it turns out, 46 per cent of Canadians reduced the amount they owed last year, 37 per cent that added more debt to their load, and 16 per cent of Canadians maintained the same level of debt. If you break things down individually, there is $22,837 of debt per Canadian, not including mortgage debt.

Consumer borrowing costs and variable mortgage rates will likely rise as well. The Canadian economy is doing just fine at the moment, with GDP growth of 3.1 per cent, inflation at 1.6 per cent, a 90-cent dollar, low 6.4 per cent unemployment, healthy retail sales and a red-hot economy in Alberta.

Canadian consumer debt hits new high Financial Post. U.S. Credit Card Debt Breaks All Time Record!. 5:46. Canadians are swimming in more than $2 trillion of debt | Debt Nation – Duration.

Canadians Owe $1.2 Trillion In Mortgage Debt. Toronto households owe more than $268 billion, about 22% of outstanding mortgage debt. Vancouver households owe 3 billion, 11% of outstanding mortgage debt. Montreal households owe more than $118 billion, 9.79% of outstanding mortgage debt. That’s 42.79% of all mortgage debt, concentrated in three cities.

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Many European banks took advantage of the IASB’s lenience to whip doubtful assets off their trading books – not just plain debt, but collateralized loan obligations, leveraged loans and other doubtful.