Tag Archive: statscan

…You’re older, a lone-parent, making a modest income and living in the Prairies. That’s a sampling of insight from this new StatsCan study. Newer lenders could find this report interesting, given they always want to know who’s most likely to miss a mortgage payment. StatsCan’sresearchalso downplays the highly publicized “debt-to-income ratio,” which makes news headlines every quarter. The agency writes...

Think you’re going to be materiallybetter off in the next two years? Odds are, you’ll get a bigger mortgage than someone who doesn’t. That’s StatsCan’s finding in this just-releasedstudy. “Families with positive expectations about their financial situation…held about $27,900more in mortgage debt than other comparable families during the period from1999to2016,” StatsCan said. That’s like a 38% bigger mortgage. The more...