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MNP Debt Blog

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Canadians Short Of Breath With New Mortgage Stress Test

Beginning in January 2018, the Office of the Superintendent of Financial Institutions (OSFI) has prescribed new mortgage rules for Canadian homebuyers.

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It Cant Happen To Me Stop Living In Debt Denial

Rich, poor or somewhere in between, financial wellbeing is an integral part of everyone’s mental health.

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Imagine you are pulling into your driveway with your older but reliable car. It’s served you well without the slightest hint of trouble. You’ve never thought of replacing it.

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The Money Management Toolkit

When most people encounter financial problems, the first thing that usually goes through their head is they don’t make enough money.

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Budget Blues? Pay Yourself First

If you were to make a list of things you enjoy doing in your free time, it’s safe to assume budgeting likely wouldn’t rank in your top 10.

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Risk Of Lending And Borrowing Money From A Friend

​​​It's a piece of wisdom as old as time – money and relationships rarely mix.

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There’s been a point in nearly ever big city dweller’s life when they’ve thought fondly about leaving the bright lights behind and starting fresh in a small town.

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I Cant Sell My House Because I Have Too Much Debt

A client recently came to me distraught and on the verge of tears. She had tried to sell her house, but couldn't close the sale. There was a lien registered against her property which prevented the transaction from moving forward.

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Financial Challenges Facing Millennials

High financial expectations coupled with harsh employment realities can leave recent post-secondary graduates feeling a little anxious and overwhelmed. The competitive job market, combined with lower than anticipated income and higher than expected costs...

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The Bank of Canada raised its key interest rate, the overnight rate, by a quarter percentage point to 1.25 percent on January 17, 2018, the highest it has been since 2009.

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