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Mortgage debt in Canada is soaring. That's no reason to panic financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
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Article content This article was created by MoneyWise. Postmedia and MoneyWise may earn an affiliate commission through links on this page. If you read the headlines, Canada’s real estate market must seem like the planet’s least approachable. Unwinnable bidding wars. Out-of-control speculation. Another uninhabitable Toronto rats’ nest selling for $1.5 million. We apologize, but this video has failed to load. Try refreshing your browser, or What a $500,000 home looks like in every major city Back to video But if you’re planning a home purchase this year, remember that Canada is home to thousands of individual real estate markets. Most are isolated enough that, if you don’t live near the greater Vancouver or Toronto areas, you don’t need to worry that their markets are on fire. ....
Article content This article was created by MoneyWise. Postmedia and MoneyWise may earn an affiliate commission through links on this page. Getting a grasp on just how financially literate Canadians are is tricky. We apologize, but this video has failed to load. Try refreshing your browser, or Your child may soon know more about mortgages than you do Back to video A few years ago, research done by the World Bank determined that 68 per cent of Canadians were financially literate. But the country’s financial experts, who spend no small portion of their days untangling our myriad economic misconceptions, tend to be far less generous. ....