Blogs

Understanding the Average Debt in Alberta: Insights and Strategies for Financial Health

In 2023, the average debt in Alberta reached approximately CAD 30,000 per household, according to Statistics Canada. This figure highlights the financial...

Navigating Insolvency Filings in Ontario: A Comprehensive Guide for 2025

In 2025, Ontario is projected to see a significant number of insolvency filings, with approximately 23,000 cases expected throughout the year. As...

Understanding the Debt-to-Income Ratio in Ontario: A Key to Financial Health

In Ontario, the debt-to-income ratio stands at approximately 177% for households as of 2023, reflecting that the average household owes $ 1.77...

Unlocking Financial Opportunities: How to Secure a Loan with a Low Income

Unlocking financial opportunities can be a daunting task, especially for individuals wondering, ‘Can I get a loan with a low income?’ The...

Understanding Bankruptcy Rates in Ontario: Trends, Insights, and Solutions

In Ontario, the bankruptcy rates have seen a significant rise over the past few years. As of 2023, approximately5.2 insolvency filings per...

Understanding Credit Card Debt Statistics in Ontario: A Comprehensive Analysis

As of 2023, approximately 29% of Ontarians carry credit card debt, amounting to an average of $4,300 per individual in outstanding balances...

Understanding the Average Household Debt in Ontario: Key Insights and Trends

As of 2023, the average household debt in Ontario amounts to approximately $155,000, making it a crucial topic for anyone looking to...

Unlocking Savings: Are Loan Rates Negotiable in Canada?

In today’s economic landscape, managing debt and understanding loan rates is crucial for financial well-being. Many Canadians are often left wondering, ‘Are...

Understanding the Canadian Savings vs Debt Ratio: A Key to Financial Health

As of 2023, the Canadian savings vs debt ratio stands at approximately 12%. This statistic highlights a crucial aspect of financial health...