Tag Archive: debt-to-income


You’re More Likely to Miss a Mortgage Payment if…

…You’re older, a lone-parent, making a modest income and living in the Prairies. That’s a sampling of insight from this new StatsCan study. Newer lenders could find this report interesting, given they always want to know who’s most likely to miss a mortgage payment. StatsCan’s¬†research¬†also downplays the highly publicized “debt-to-income ratio,” which makes news headlines every quarter. The agency writes...