Canadian consumer debt hits record $2.64 trillion as mortgage stress mounts

Canadian consumer debt reached a record $2.64 trillion in the second quarter of 2026, with borrowing growing faster than the number of people actually using credit. Existing holders carried larger balances than a...Read More

Homeowners managing higher mortgage payments despite concerns: survey

As the last wave of mortgage renewals from the era of ultra-low interest rates comes, a new survey suggests most homeowners have been managing higher payments.A Royal LePage report says mortgage delinquency rates in Canada remain remarkably low compared with other developed countries, though some households have felt stretched by rising monthly payments.... Read More

Canada Existing Home Sales Continue to Pick Up, Edging Ahead 0.5% in August

Canada's housing market continues to show signs of recovery, with sales nudging up again last month even as new listings continue to retreat and prices notched the first, slim increase in more than a year and a half.Sales of existing homes nationally rose a modest 0.5% from the month before in July, matching the pace of June, the Canadian Real Estate Association said Tuesday. Sales have now risen four consecutive months....Read More

Canada’s housing recovery hinges on rentals, not rate cuts

Canada’s housing market entered 2026 in a holding pattern: mortgage rates likely near their cyclical floor, but affordability still sharply constrained, according to a new Desjardins outlook. The report pointed to a “fragile recovery phase” in both resale and construction, with risks tilted toward stagnation rather than another boom. In the existing‑home market, Desjardins said sales are expected to “recover gradually in 2026, after a stop‑start 2024–25 period shaped first...Read More

CIBC overtakes Scotiabank in market value after stock’s 47% run

Canadian Imperial Bank of Commerce has inched past Bank of Nova Scotia in market capitalization to become Canada’s fourth-most valuable bank, as investor sentiment shifts in favour of lenders with more exposure to the domestic market. CIBC has been the top-performing major Canadian bank over the past year, with its shares soaring 47%, giving it a market value of $94.6 billion as...Read More