11/18/2020 | Posted in Financial Health by Boris Guerdjikov
  SHARE

The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded. ... More

Real Estate & Mortgage News

  11/3/2020 | Posted in Canada Living by Boris Guerdjikov
  SHARE

Canadian consumers are running out of cash, according to TransUnion. ... More

Real Estate & Mortgage News

  10/28/2020 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
  SHARE

The Bank of Canada held the rate steady at 0.25 per cent and said the country’s economy won’t fully absorb slack in the economy before 2023, suggesting it will ... More

Real Estate & Mortgage News

  10/23/2020 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
  SHARE

Slower borrowing might lead to less consumer spending that could further delay Canada's economic recovery ... More

Real Estate & Mortgage News

  9/15/2020 | Posted in Financial Health by Boris Guerdjikov
  SHARE

But more challenging times could be on their way. ... More

Real Estate & Mortgage News

  8/30/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion. ... More

Real Estate & Mortgage News

  8/12/2020 | Posted in Canadian Economy and Housing Market by Boris Guerdjikov
  SHARE

The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

Real Estate & Mortgage News

  7/9/2020 | Posted in Financial Health by Boris Guerdjikov
  SHARE

Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More

Real Estate & Mortgage News

  7/6/2020 | Posted in Financial Health by Boris Guerdjikov
  SHARE

Data from the Office of the Superintendent of Bankruptcy Canada (OSB) revealed that federal fiscal support and payment deferrals are helping households retain their purchasing ... More

Real Estate & Mortgage News

  6/13/2020 | Posted in Financial Health by Boris Guerdjikov
  SHARE

The ratio of debt to disposable income peaked in 2017 at 178 per cent but it is currently just shy of that level. ... More

Real Estate & Mortgage News

  5/20/2020 | Posted in Financial Health by Boris Guerdjikov
  SHARE

Although COVID-19 has slowed down the rate of insolvency filings nationwide, the year-to-date total is still the highest in a decade, according to the Office of the Superintendent ... More

Real Estate & Mortgage News

  5/18/2020 | Posted in Financial Health by Boris Guerdjikov
  SHARE

Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the Bank ... More

Real Estate & Mortgage News

  4/21/2020 | Posted in Canadian Economy and Housing Market by Boris Guerdjikov
  SHARE

Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More

Real Estate & Mortgage News

  3/27/2020 | Posted in Financial Health by Boris Guerdjikov
  SHARE

The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms. ... More

Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
  SHARE

The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

Real Estate & Mortgage News

  3/13/2020 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
  SHARE

The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the economic ... More

Real Estate & Mortgage News

  2/27/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Boris Guerdjikov
  SHARE

Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

Real Estate & Mortgage News

  1/2/2020 | Posted in Canada Living by Boris Guerdjikov
  SHARE

Most Canadians held back from increasing their debt burden in 2019 and 1 in 5 say debt repayment is their top financial priority for 2020. ... More

Real Estate & Mortgage News

  12/16/2019 | Posted in Financial Health by Boris Guerdjikov
  SHARE

Canadians' borrowing habits are back to where they were before policymakers cooled off the housing market. Lower interest rates are convincing some to borrow more. ... More

Real Estate & Mortgage News

  9/19/2019 | Posted in Canadian Economy and Housing Market by Boris Guerdjikov
  SHARE

The average Canadian household was worth less in 2018 than in the previous year. ... More

Real Estate & Mortgage News

  9/14/2019 | Posted in Financial Health by Boris Guerdjikov
  SHARE

Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a row. ... More

Real Estate & Mortgage News

  8/20/2019 | Posted in Interest Rates by Boris Guerdjikov
  SHARE

A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More

Real Estate & Mortgage News

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
  SHARE

The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More

Real Estate & Mortgage News

  6/6/2019 | Posted in GTA Real Estate by Boris Guerdjikov
  SHARE

Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks. ... More

Real Estate & Mortgage News

  5/29/2019 | Posted in Interest Rates by Boris Guerdjikov
  SHARE

The Bank of Canada today maintained its target for the overnight rate. ... More

Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by Boris Guerdjikov
  SHARE

The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Boris Guerdjikov
  SHARE

Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC. ... More

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Boris Guerdjikov
  SHARE

The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More

Real Estate & Mortgage News
Ask Boris Guerdjikov

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.

Security Question: 1 + 2 =