40 PER CENT OF HOMEOWNERS SHORT OF EXPENSE MONEY IN PAST YEAR

May 24, 2016

By Michael Kramer

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Approximately four-out-of-ten homeowners have been “caught short” in the past year –  without enough money to meet their living expenses.
The unsettling news comes from a Manulife/Environics survey – polling almost 2,400 homeowners in all provinces between the ages of 20 and 59 – with household incomes of $50,000 and more.
The survey paints a gloomy picture of Canadians with increasing debt – who could be in trouble if interest rates start rising.
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