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Over-leveraged homeowners remain vulnerable to lenders

  7/5/2022 | Posted in Canadian HELOC by Paul Solomons
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A much anticipated federal clampdown on a new mortgage product that sinks over-leveraged homeowners deeper into debt has fizzled.

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Canadian HELOC, Home Owners, Household Debt, OSFI
Over-leveraged homeowners remain vulnerable to lenders

27% of homeowners have a HELOC, half paying down principal: Poll

  6/29/2022 | Posted in Canadian HELOC by Paul Solomons
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Home equity lines of credit (HELOCs) were a common way for Canadian homeowners to tap into their home’s equity during the long run of low interest rates and rapidly ... More

Canadian Debt, Canadian HELOC, Home Equity, Home Equity Lines of Credi, Home Owners
27% of homeowners have a HELOC, half paying down principal: Poll

Canadian banks expected to tighten home equity line of credit access

  4/30/2020 | Posted in Canadian HELOC by Paul Solomons
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Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for

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Canadian Banks, Canadian Credit Market, Canadian HELOC, Real Estate Investors
Canadian banks expected to tighten home equity line of credit access
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