Tag: Debt

High-cost debt to bring additional pain to an already burdened public

Amid a spate of interest rate hikes and increasing cautiousness among borrowers, market players and analysts are sounding the alarm on a possible upward spike in the number of consumers using high-cost debt to cover their daily living expenses. Credit cards are a particular area of concern, as these sources

Is Canada’s borrowing finally entering a lull?

While the Canadian household debt balance has broken all previous records by reaching a total of $2.13 trillion in July (up by 3.77% compared to the same time last year), data from the Bank of Canada also indicated a recent sharp decline in the growth of these accountabilities. Canadian mortgage

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East Coast Mortgage Brokers is Newfoundland and Labrador’s premier mortgage company. Founded in 2010, we work with Canada’s top lenders to ensure our clients get the best deal for their mortgage.