Tag: Canada 2021

  • Canadians to Borrow and Spend More in 2021

    Canadians to Borrow and Spend More in 2021

    But debt-wise, they may be less vulnerable than they were pre-COVID Key Findings: Mortgage debt has surged, but lower rates and higher incomes have made debt servicing more manageable Canadians’ mix of debt is slightly less interest-rate sensitive than it was pre-COVID Household excess savings and real-estate asset values have both increased more than mortgage…