The average post-secondary student in Canada graduates with $26,000 in student related debt, according to Statistics Canada. This debt is incurred from the cost of tuition, rent, and food. All which have been steadily rising. For young Canadians, cost may be a prohibiting factor from entering post-secondary school. The only solution is to borrow to…
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Paying down debt is among most adults’ main priorities. But sometimes, finding the best method to get your loans under control can be difficult. If you’re dealing with a large amount of debt, just getting started can be overwhelming. If you’re determined to be debt free as quickly as possible, by paying the least interest,…
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In a report by the Bank of Canada, called Canada’s Economy and Household Debt: How Big Is the Problem?, it seems the problem is pretty big. Canadian household debt has been rising steadily for about 30 years. At the end of 2018 the Bank says, Canadians owed just over $2 trillion. One third is mortgage…
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