Tag - Mortgage

October 2017

September 2017

August 2017

Rising interest rates

Will rising interest rates lead to more bankruptcies?

The policy interest rate increase posted by the Bank of Canada generated a lot of talk last month. Unsurprising, since it was the first increase in nearly seven years. For a few days, it seemed everyone was holding their breath! Are Canadians in a strong enough position to absorb this increase? Will rising interest rates push people to declare bankruptcy? (more…)