Canadian household wealth rises, but that does not pay a mortgage renewal
Canadian household wealth rose in Q2, led by financial assets. Why national net worth and debt-service averages cannot replace your mortgage renewal budget.
Real estate
Compare homes using the same area unit and location. A monthly loan payment excludes maintenance, taxes and insurance. Test a higher interest rate before treating an estimate as affordable.
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Real estate
Compare homes using the same area unit and location. A monthly loan payment excludes maintenance, taxes and insurance. Test a higher interest rate before treating an estimate as affordable.
Official sources · CMHCFree calculators · CAD
Illustrative estimates only. Taxes, insurance, exchange rates and lender conditions are not included. Use one currency throughout. Interest is fixed, compounded monthly, with payments at month-end.