MNP Debt Blog

As the real estate market in British Columbia continues to create demand and increase property value and interest rates sit at rock bottom prices, many home and investment property owners throughout the province have allowed themselves indulgent consumer...

According to the Office of the Superintendent of Bankruptcy Canada, bankruptcies in B.C. are in decline. While this may sound like hopeful news in a struggling economy, MNP’s Lana Gilbertson warns this could be a sign of trouble on the horizon for...

Even while many Canadian consumers are struggling under a sluggish economy and increased unemployment, many were not deterred from sloshing into the snow to hit the stores for seemingly ‘once in a lifetime’ deals.

While credit can be helpful in a pinch, credit reliance can quickly become a dangerous cycle that's difficult to get out of when there's no longer a steady income coming into the household.

As Canadians are struggling with a weakened economy and a consistently increasing cost of living, it's no surprise to learn that many are relying on credit and (current) low interest rates to help keep up with monthly financial obligations and expenses....

The third Monday in January was coined ‘Blue Monday’ as it’s earned a reputation as being the most depressing day of the year. For many Canadians already low on Vitamin D after braving months of a Canadian winter, having bills roll in...

Federal and provincial student loans have enjoyed a special status over the years. The answer to the question of what debt solutions are available to you in the case of student loan debt, is not a simple one depending on the length of time you have been...

The third Monday of January is coined “Blue Monday” because it is apparently the saddest day of the year. Pairing a Canadian winter with all the bills rolling in from the holidays, makes the term quite fitting.

As Canadians struggle in a weakened economy, thousands are starting to bend under the weight of trying to make it from one financial obligation to the next. And what are we relying on to get us through the day-to-day expenses? Debt.

The data is in, but it’s not necessarily surprising. Insolvencies are on the rise as many Canadians grapple with the burden of unmanageable debt.