MNP Debt Blog

Home equity lines of credit (HELOCs) have emerged as one of the biggest contributors to the growth of household debt in Canada, particularly in markets where real estate values have surged over the last decade. The latest data from the Office of Superintendent...

We have seen countless news reports, tweets, blogs that tell us that Canadians have more debt than ever.

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.

The number of Canadians who filed for insolvency in the first quarter of 2019 was up six percent compared to the same quarter last year, according to the latest official figures

The number of consumer insolvencies per thousand residents in the area, aged 18 years or above, decreased to 7.4 in 2018.

As a Licensed Insolvency Trustee, I meet a lot of people who are struggling with debt. And though their stories are all different, their experiences of searching for help often share a lot in common.

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

Financial troubles rarely pop out of nowhere. If you look carefully, you’ll often see warning signs of danger ahead.