Blogs

Understanding Credit Reports: How Long Does a Loan Stay on My Record?

Understanding your credit report is crucial for effective debt management and financial planning. One common question many Canadians have is: ‘How long...

Exploring the Average Mortgage Debt in Canada: Trends and Tips for 2025

As we look ahead to 2025, the average mortgage debt in Canada is projected to reach approximately CAD 350,000, according to recent...

Understanding the Average Debt per Canadian Household: Key Facts and Insights

As of 2023, the average debt per Canadian household stands at approximately CAD 73,000, highlighting the ongoing financial challenges faced by many...

Understanding the Percentage of Canadians Burdened by Household Debt: What You Need to Know

As of 2023, approximately 72% of Canadian households carry some form of debt, showcasing the significant financial burden many residents face. This...

Unlocking the Secrets: Can You Include Your Mortgage in a Consolidation Loan?

When it comes to managing debt effectively, many Canadians find themselves exploring various strategies to regain financial control. One popular option is...

Understanding Average Credit Card Debt in Canada: Trends and Insights for 2025

As of 2025, the average credit card debt in Canada is projected to reach approximately CAD 4,400 per indebted household. This statistic...

Understanding Canadian Debt: How Many Canadians Are in Debt and What It Means for 2025?

As of 2023, approximately 78% of Canadian households are carrying some form of debt, shedding light on the critical question: how many...

Exploring Medicine Hat Alberta: A Comprehensive Guide to Insolvency Filings and Solutions

In Medicine Hat, Alberta, approximately 1 in 200 residents files for insolvency each year, highlighting a significant trend in financial distress within...

Mastering Loan Interest: How Does Loan Interest Calculation Work?

Loan interest is a significant aspect of borrowing money that impacts the total amount repaid over time. For many Canadians, understanding how...