MNP Consumer Debt Sentiment Survey


Potential housing bubble and rise in interest rates puts Canadians on the brink of insolvency

The latest MNP Consumer Debt Sentiment Survey shows more than many Canadians are concerned about the level of debt they are carrying and the impact an increase in interest rates or a potential housing bubble could have on their ability to stay financially afloat. In fact, according to MNP’s most recent Consumer Debt Sentiment Survey conducted by Ipsos, over seventy percent of Canadians are concerned with their ability to cope with a 1% increase in interest rates.

Details behind MNP’s Consumer Debt Sentiment Survey, along with media coverage and our provincial and national news releases can be found below.

Infographic

Survey Results July 2017

MNP Press Releases

Infographic


Survey Results May 2017

MNP Press Releases


Infographic


Press Highlights


National

British Columbia

Alberta

Saskatchewan

Manitoba

Ontario

New Brunswick




Survey Results April 2017

MNP Press Releases


Infographic



Survey Results September 2016

 

About the MNP Consumer Debt Sentiment Survey

Now in its second year, the MNP Consumer Debt Sentiment Survey is a semi-annual poll designed to track Canadians’ feelings about their debt and their perception of their ability to meet their monthly payment obligations.

These are some of the findings of an Ipsos poll conducted on behalf of MNP Debt between March 27 and March 30, 2017. For this survey, a sample of 1,500 Canadians from Ipsos' online panel was interviewed online. Weighting was then employed to balance demographics to ensure that the sample's composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within +/ - 2.9 percentage points, 19 times out of 20, had all Canadian adults been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.

 


 

About MNP Debt

MNP LTD, a division of MNP LLP, is one of the largest personal insolvency practices in Canada. For more than 50 years, our experienced team of Licensed Insolvency Trustees and advisors have been working collaboratively with individuals to help them recover from times of financial distress and regain control of their finances. With more than 200 Canadian offices from coast-to-coast, MNP helps thousands of Canadians each year who are struggling with an overwhelming amount of debt.

Grant Bazian is a Licenced Insolvency Trustees, President of MNP Ltd. To learn more about how MNP Debt can help you, contact Grant at 778.374.2108 or grant.bazian@mnp.ca


Our team of Licensed Insolvency Trustees will help you explore the debt relief options available to you and together we will find the solution that best fits your situation. Set up your FREE, no obligation consultation today.

GET A FREE CONSULTATION

MNP is committed to protecting your privacy. We promise to keep all of the information you share with us confidential.

MNP Debt Blog

 

 

view all