MNP Debt Blog

According to an Ipsos survey conducted on behalf of MNP LTD., the majority of British Columbians feel they can cover next year’s living expenses without incurring more, despite concern about mounting consumer debt in Canada.

The number of consumer insolvencies per thousand residents in Calgary, aged 18 years or above, hit 4.3 in 2018 – the highest level since 1997 when it sat at 4.8.

Despite the Bank of Canada stating it will keep interest rates stable until next year, more than half (54%) of Canadians say they are more concerned about their ability to repay their debts than they used to be.

According to a recent Ipsos poll conducted by MNP LTD., Canadians are increasingly worried about their ability to repay their debts.

According to a recent Ipsos survey conducted on behalf of MNP LTD., the majority of Canadians feel they can cover next year’s living expenses without incurring more, despite concern about mounting consumer debt in Canada

According to a recent Ipsos poll conducted by MNP LTD., a growing number of Canadians are inching closer to insolvency – with the proportion who are $200 or less from being able to pay their bills each month (46%) rising six points since September.

Canadians who find themselves in serious financial trouble could be digging themselves into a deeper hole by not seeking help when they need it. A new survey conducted by Ipsos on behalf of MNP LTD, shows almost half of Canadians (46%) say they would...

As low borrowing costs and surging real estate prices continue to prop up consumer debt levels in British Columbia, an increasing number of people in the province are feeling concerned about their debt.

The number of consumer insolvencies per thousand residents in Halifax, aged 18 years or above, decreased to 6.1 in 2017 and then again to 5.8 in 2018.

The number of consumer insolvencies per thousand residents in the area, aged 18 years or above, remained at 3.3 in 2018.