Blogs

Understanding Average Debt by Age Group in Canada: Insights and Trends

In 2023, the average debt by age group in Canada reveals significant financial challenges across various demographics. Current statistics indicate that Canadians...

Debt Consolidation Loan vs. Bankruptcy: Which Is the Best Option for You?

In Canada, individuals facing financial difficulties often find themselves at a crossroads when deciding how to manage their debts. One of the...

Unlocking the Truth: What Percentage of Canadians are Battling Credit Card Debt?

As of 2023, approximately 36% of Canadians are grappling with credit card debt. This significant statistic highlights the ongoing challenge that many...

Exploring the Reasons: How Many Canadians Miss Bill Payments and What It Means for Your Finances

As of 2023, approximately 22% of Canadians reported missing at least one bill payment in the past year. This alarming statistic highlights...

Understanding the Average Mortgage Debt in Canada: Key Insights for Homebuyers

As of 2023, the average mortgage debt in Canada stands at approximately CAD 370,000, reflecting a significant financial commitment for the average...

Navigating Debt Relief: Can You Consolidate Your Debt Multiple Times for a Fresh Start?

Debt can be a heavy burden, and many Canadians find themselves seeking ways to manage or eliminate it. One popular option for...

Exploring Total Household Debt in Canada: What to Expect in 2025

In 2025, it is projected that total household debt in Canada will reach approximately CAD2.7 trillion, highlighting an ongoing trend of rising...

Understanding the Debt-to-Income Ratio in Canada: Key Insights for Financial Success

As of 2025, the average debt-to-income ratio in Canada is estimated to be around 175%. This statistic highlights the balance between an...

Unveiling the Truth: How Many Canadians Lack an Emergency Fund?

As of 2023, approximately 41% of Canadians do not have an emergency fund, according to a recent survey conducted by the Canadian...
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