Comments on: Canadian Consumer Insolvencies Are On The Rise, But Still Below Typical Levels https://betterdwelling.com/canadian-consumer-insolvencies-are-on-the-rise-but-still-below-typical-levels/ Canada’s Fastest Growing Real Estate News Source Sun, 17 Jul 2022 14:11:20 +0000 hourly 1 By: D https://betterdwelling.com/canadian-consumer-insolvencies-are-on-the-rise-but-still-below-typical-levels/#comment-84336 Thu, 14 Jul 2022 00:08:39 +0000 https://betterdwelling.com/?p=21236#comment-84336 Government support for both businesses and individuals only ended 1-2 months ago. You can’t base a complete comparison to historical data, and the 1-2 months insolvencies are significant. It will be at least 6 months before one can establish the full effects or ascertain any comparisons. Many attained credit to hold them over.

House sales have definitively and reportedly slowed and places are selling for under asking – pending property details. Caution is required.

]]> By: David Tran https://betterdwelling.com/canadian-consumer-insolvencies-are-on-the-rise-but-still-below-typical-levels/#comment-84295 Mon, 11 Jul 2022 18:02:02 +0000 https://betterdwelling.com/?p=21236#comment-84295 Homes still sell within days if the seller is willing to adjust their price. No need to assume a credit crunch.

]]> By: Barrett https://betterdwelling.com/canadian-consumer-insolvencies-are-on-the-rise-but-still-below-typical-levels/#comment-84294 Mon, 11 Jul 2022 18:00:36 +0000 https://betterdwelling.com/?p=21236#comment-84294 In reply to Gerald Haw.

Home equity has been a big mitigation factor too.

]]> By: Gerald Haw https://betterdwelling.com/canadian-consumer-insolvencies-are-on-the-rise-but-still-below-typical-levels/#comment-84293 Mon, 11 Jul 2022 17:59:47 +0000 https://betterdwelling.com/?p=21236#comment-84293 Lenders never want you to file for a consumer proposal or bankruptcy. It’s how they lose money.

The government giving them cart blanche to ignore bad debts was the best thing that ever happened to them. The most predatory high interest loans will now be paid. Yay!

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