The provincial average of total debt in the province of Ontario has nearly tripled. Many consumers are taking advantage of incredibly low interest rates, which can be a dangerous game to play in the event of major life changes such as job losses or illness. Taking a proactive approach and working to pay down your debt now, could prevent debt from taking a firm hold on your financial health down the road.
MNP LTD Trustee Wes Cowan recently spoke with CTV News Kitchener about the increase in debt and ways to tackle it. The original article was originally posted online at CTV News.
CIRP, LIT
Senior Vice-President
Servicing: Waterloo, Cambridge, Kitchener, Stratford, Tillsonburg, Guelph, Listowel
2025-08-01
Lifestyle Debt
Household debt ratios continue to break records across the country. And as more and more people are working to service that debt, many are unable to set aside savings for unexpected expenses.
2025-06-16
Lifestyle Debt
Take a good, hard look at your financial situation to decide where to focus your efforts.
2024-11-15
Lifestyle Debt
MNPs LITs are happy to review your financial situation and discuss your options during a Free Confidential Consultation. Together, we can help you achieve a fresh financial start.
