According to the March 2024 Edge Report, current trends in debt service ratios and net worth may indicate areas of concern. The prevalence of static payment variable rate mortgages, household debt-to-GDP ratios, and Canada’s heavy reliance on real estate assets, may raise concerns about resilience.

Debt Service Ratios

In Q4 of 2023, debt servicing costs stayed stable, with the household debt service...

Investing in revenue properties has long been a favoured avenue for generating income and building wealth. With good planning and careful execution, revenue property strategies offer a range of benefits which justify their popularity with investors.

Steady Income Stream

The most obvious and biggest advantage is the income from a revenue property. With proper tenant screening and lease management, property...

The federal government’s new Housing Plan, announced on April 12, 2024 and supported by Budget 2024, introduced a provision aimed at helping renters build credit by integrating rent payments into credit histories. It proposes amendments to the Mortgage Charter, encouraging collaboration among fintech companies, credit bureaus, and lenders to include rental payment data in credit scores. 

The government...