Canadians owe a staggering $2.5 trillion in household debt — here’s how to chip away and finally breathe free
Debt: Almost all Canadians have it. In fact, Equifax Canada’s Market Pulse Consumer Credit Trends and Insights Report found that consumer debt levels rose to $2.5 trillion at the end of hte first quarter of 2025 — a 4% year-over-year increase. TransUnion estimate that consumer debt, across all credit products, hit a record $2.5 trillion […]
Young Canadians feel most societal pressure to buy a home, new survey finds
More than half of millennials (54%) and 2 out of 5 Gen Zers (41%) say they’ve felt pressured to buy a home, according to new new data from real estate platform Wahi’s 2025 Pressure Point Survey. This is in comparison to just 30% of Gen Xers and 13% of baby boomers. The survey, which was […]
Drowning in student costs? Here’s how the right credit card can save you money — and protect your financial future
Picking the right credit card as a Canadian university student is the first step in building good credit and a great way to reap benefits like cashback rewards. To help, here are eight easy tips when choosing a Canadian student credit card. How do student cards differ from other credit cards? Student credit cards are […]
Health-care costs for Canadian families climb to $19,000 in 2025, Fraser Institute warns
A Canadian family of four will pay an estimated $19,060 in public health-care costs this year, according to a new report from the Fraser Institute. The think tank says the figure reflects the real burden households shoulder through taxes, even if Canadian health care services are ‘free’ at the point of use. The report, released […]
Lifestyle now, retirement later? Why nearly half of Canadians are delaying their future — and 3 tips to help you avoid this costly mistake
As inflation continues to squeeze household budgets, nearly half of non-retired Canadians (46%) are choosing to spend on their lifestyle now rather than save for retirement — a decision rooted in both necessity and a growing "life’s too short" mindset. Why it matters: A 2025 IG Wealth Management survey reveals that debt and rising living […]
Seniors staying put is fuelling Canada’s housing crunch for first-time buyers
Across Canada, a growing number of seniors are choosing to age in place, and their decision to stay in family-sized homes is tightening the already strained supply of housing available to first-time buyers. The Canadian Press reports that homeowners aged 75 and older are listing their homes far less often than they did in previous […]
Bank of Canada cuts rate to 2.50% — what this means for your mortgage and housing costs
Canadians hoping for more relief on borrowing costs finally got their wish as the Bank of Canada announced a rate drop on its target rate on September 17, 2025. The BoC dropped its overnight rate by 0.25% — from a bank-to-bank lending rate of 2.75% to 2.50%. This is the first cut the BoC has […]
Quarters launches rewards platform to turn everyday spending into home savings
A new fintech platform has come online, allowing Canadians to save for housing by converting their daily purchases into contributions toward rent deposits and down payments. Toronto-based startup Quarters announced the launch of its “Home Savings Rewards” program last week, which it says is the first of its kind in Canada. Unlike traditional loyalty platforms […]
Over $7K to insure a car in Alberta — How the province got to this point and is there any relief in sight?
How much would you pay to insure your vehicle? Would you pay $3,000, $4,000 even $5,000 per year? What about $7,000? For one Edmonton resident, that question isn’t rhetorical. Wali Hassan, a 21 year-old Edmonton resident, recently fully insured a 2018 Honda Civic — he was required to do so per the terms of his […]
Best towns to live in BC
It’s called Beautiful British Columbia for a reason. If you’ve been contemplating a move out to Canada’s west coast, don’t worry! There is something for everyone in BC. From world-famous mountains to the cool Pacific Ocean breeze, BC has some of the best places to live in Canada. If you’re flirting with a change of […]