Canadian Real Estate News Headlines (July 8th 2019)
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I provide you with Canada’s news headlines for real estate news for today.
Canadian Household Debt Had The Slowest May Growth Since 1983
Canadians are a little more cautious about borrowing these days. Bank of Canada (BoC) numbers show household debt reached a new all-time high in May. Even though the balance is at a record high, the rate of growth is rapidly cooling. Canadian household debt grew at the slowest rate for May since 1983.
Canadian Businesses Are Going Broke At The Fastest Pace Since 2016
Canadian business insolvencies are picking up, after heading lower the past few years. Office of the Superintendent of Bankruptcy (OSB) data shows a rise in business insolvencies this year. The increase year to date marks the end of five consecutive years of fewer filings.
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