All tagged Mortgage debt
The government has proposed changes to mortgage rules that could create moral hazard. This means that borrowers may be more likely to take on more debt, knowing that they will be able to get out of their payments if they run into trouble. This would be an injustice to financially prudent Canadians who rent or did not overextend themselves.
Discover how inflation gradually erodes the value of debt principal, impacting borrowers and lenders. Learn why the purchasing power of money decreases over time and how inflation affects the repayment dynamics.
Total Outstanding Debt Climbs to $1.991 Trillion
Deferring payments will help you in the short-term, but this isn’t a gift
A 2017 study in the UK has found a link between renting and entrepreneurship. If you have dreams of creating the new Facebook or Apple, you may not want to jump into home ownership. Find out why.
