Tag Archive: statscan


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...

Financial Optimism Linked to Mortgage Size

Think you’re going to be materially better off in the next two years? Odds are, you’ll get a bigger mortgage than someone who doesn’t. That’s StatsCan’s finding in this just-released study. “Families with positive expectations about their financial situation…held about $27,900 more in mortgage debt than other comparable families during the period from 1999 to 2016,” StatsCan said. That’s like a 38% bigger mortgage. The more...