Blogs

Unveiling Financial Stress in Canada: Eye-Opening Statistics You Need to Know

In Canada, approximately 49% of adults report experiencing significant financial stress as of2023. This statistic highlights the pressing economic challenges faced by...

Navigating Financial Challenges: How to Consolidate Debt While Unemployed

Navigating financial challenges, particularly during unemployment, can feel overwhelming, especially when faced with the burden of debt. If you find yourself wondering...

Understanding the Demand: How Many Canadians Are Turning to Credit Counselling Services?

As of 2023, approximately3.2 million Canadians, or about 10% of the population, have sought credit counselling services as a means to manage...

The Surprising Number of Canadians Turning to Payday Loans: What You Need to Know

In Canada, approximately 1.8 million adults rely on payday loans each year, according to a 2023 report by the Canadian Centre for...

Discover the Most Indebted Provinces in Canada: A Deep Dive into Financial Challenges

As of 2023, the most indebted provinces in Canada are Newfoundland and Labrador, followed closely by Nova Scotia and Quebec, with debt-to-GDP...

Unlocking Homes: How Long Does Loan Approval Really Take?

When embarking on the journey of homeownership, one of the most pressing questions you may have is: ‘How long does loan approval...

Understanding the Debt Delinquency Rate in Canada: Trends and Insights

As of 2023, the debt delinquency rate in Canada stands at approximately3.7%, indicating the percentage of Canadians who have been unable to...

Exploring Total Consumer Debt in Canada: Insights and Trends You Need to Know

In 2023, total consumer debt in Canada reached a staggering $2.3 trillion, marking a 5% increase from the previous year, according to...

Exploring Canadian Debt Trends Over Time: Insights and Implications for the Future

In recent years, Canadian debt trends have shown a substantial increase, with approximately 82% of Canadian households carrying some form of debt...