[chemgear]

May summary - pretty much bang on the same with 2010 (so either on track for 1st or 2nd worst in a decade again?)

http://calgaryrealestatereview.com/2...te-statistics/


Some other sidebar articles:

http://www.theglobeandmail.com/globe...rticle2042922/

A TransUnion study suggests Canadian debt loads grew at an average 4.5 per cent in the first quarter compared to a year-earlier, signalling appetite for debt is undiminished.

The credit bureau's analysis found that total debt per consumer, excluding mortgages, grew to $25,597 in the first quarter of 2011, up from $24,497 in the same quarter of 2010.


http://www.mortgagebrokernews.ca/new...istings/106797

“Among our team of six brokers, we’re seeing about three to four clients a month who we would identify as habitual refinancers – meaning they typically have refinanced their credit card debt back into their mortgages every two years,” Bob Smith, broker/owner for Verico K-W Mortgage, told MortgageBrokerNews.ca. “But what we’re seeing now is that those clients are now finding that they can no longer do that.”

For that group, frustration is setting in as they watch their disposable income shrink and are forced to use more of their income to service debt. Compounding that discomfort, said Smith, is “each transaction has added to their principal with an increased insurance premium, which has whittled away at their equity. It means that with a forced listing, they will have little or no equity available to downsize after legal and selling expenses.”