Close X
Sunday, December 1, 2024
ADVT 
National

Canadians struggling with monthly mortgage

Darpan News Desk The Canadian Press, 23 Oct, 2023 10:12 AM
  • Canadians struggling with monthly mortgage

An Angus Reid poll suggests 15 per cent of Canadians are struggling with their monthly mortgage payments.

That's up from eight per cent in March and 11 per cent in June.

And a whopping 79 per cent of those surveyed are worried or very worried they will face higher payments when it comes time to renew their mortgage.

That's despite expectations the Bank of Canada will hold its key interest rate steady at five per cent when it announces its next decision Wednesday.

MORE National ARTICLES

Canada opens applications for scholarships commemorating victims of Iran flight PS752

Canada opens applications for scholarships commemorating victims of Iran flight PS752
The Liberals have launched a scholarship to commemorate those killed in the downing of Flight PS752 by Iranian officials in 2020. The program will disburse 176 scholarships, one for each of the people who died when a Ukraine International Airlines flight was shot down outside Tehran. The victims included 55 Canadian citizens and 30 permanent residents, many of whom had significant academic accomplishments in Canada.

Canada opens applications for scholarships commemorating victims of Iran flight PS752

Novavax touts non-mRNA COVID vaccine, future of domestic production remains uncertain

Novavax touts non-mRNA COVID vaccine, future of domestic production remains uncertain
The last remaining manufacturer to offer an alternative to mRNA COVID-19 vaccines in Canada is boasting about the importance of having several available vaccine options — though the company is providing little certainty about its ability to manufacture the shot domestically.  The new formulation is awaiting Health Canada approval.  

Novavax touts non-mRNA COVID vaccine, future of domestic production remains uncertain

Vancouver housing market more balanced after spring and summer slowdown: board

Vancouver housing market more balanced after spring and summer slowdown: board
The Real Estate Board of Greater Vancouver says a jump in new listings is helping to bring some balance back to the region's housing market. The board says September sales totalled 1,926, a 13.2 per cent increase from the 1,701 sales recorded the same month last year. But the total was 26.3 per cent below the 10-year seasonal average of 2,614 and marked a 16.1 per cent drop from 2,296 sales in August.

Vancouver housing market more balanced after spring and summer slowdown: board

How rate hikes have sparked debate on the causes of inflation and how to fight it

How rate hikes have sparked debate on the causes of inflation and how to fight it
Central banks have been trying their best to convince the public that their interest rate hikes are ultimately for the greater good.  But not everyone is buying it.  An informal coalition of labour groups, political leaders and economists has formed over the last year and a half to challenge the very economic concepts behind monetary policy. 

How rate hikes have sparked debate on the causes of inflation and how to fight it

Manitoba NDP to form majority government in historic win for First Nations premier

Manitoba NDP to form majority government in historic win for First Nations premier
Kinew's late father was not allowed to vote as a young man under Canadian law at the time. His mother's birthday was election night, and he brought her onstage to celebrate the historic win along with his wife and three sons. The NDP's victory also brought the resignation of the other two main party leaders.

Manitoba NDP to form majority government in historic win for First Nations premier

Accident at Cypress Mountain in West Vancouver kills heavy equipment operator

Accident at Cypress Mountain in West Vancouver kills heavy equipment operator
An industrial accident at the Cypress Mountain Resort in West Vancouver has killed one person. West Vancouver police say it happened Tuesday. They say the operator of a front-end loader was caught under the rig as it overturned.

Accident at Cypress Mountain in West Vancouver kills heavy equipment operator