Canadian home values see first annual decline since 1990
Canadian home values see first annual decline since 1990

Residential real estate values across the country dropped $30 billion in the fourth quarter of 2018.

Being broke opened my eyes to the problematic way we talk about food
Being broke opened my eyes to the problematic way we talk about food

Anne T. Donahue reflects on how easy it is to forget that what we eat often comes down to what we can afford.

One in five Canadians need to liquidate assets to pay debts this year
One in five Canadians need to liquidate assets to pay debts this year

The Household Debt Survey is the latest report to show that Canadians are struggling with debt.

Emotionally preparing for retirement is just as important as financially preparing
Emotionally preparing for retirement is just as important as financially preparing

Planning out how you're going to spend your days is just as important as planning your finances.

RBC’s CEO says tech companies pose threat to financial industry
RBC’s CEO says tech companies pose threat to financial industry

Are Facebook, Amazon, Netflix and Google encroaching on the bank's territory?

Will the Bank of Canada cut rates in 2019?
Will the Bank of Canada cut rates in 2019?

Financial commentators are increasingly expecting that this will be the case. 

Scotiabank launches new Scotia Perks program with discounts for Toronto sports fans
Scotiabank launches new Scotia Perks program with discounts for Toronto sports fans

The program gives Scotiabank cardholders sports-related discounts and access to advance game-day reservations.

Canadian women share their best personal finance advice
Canadian women share their best personal finance advice

To celebrate International Women's Day, we asked six women what words of financial wisdom they would give other women.

Torontonians just got hit with a 3.58% property tax hike
Torontonians just got hit with a 3.58% property tax hike

Approved by Toronto City Council on Thursday as part of the 2019 budget, the hike could leave some residents paying an extra $104 in property tax this year.

When are lines of credit and personal loans a good idea?

When are lines of credit and personal loans a good idea?

At first blush, loans and lines of credit can seem like a friendlier credit card with their often higher limits and much lower interest rates. Who doesn’t like the sound of that?

Lisa Coxon
Lisa Coxon

March 7, 2019

6-minute read

These days, having debt is about as common as having a belly button. Every Canadian carries, on average, $22,837 in debt, according to Equifax Canada. And we’re also carrying more than just one form of debt.

About the author

Lisa Coxon

Lisa is a senior editor in the personal finance space. Her work has appeared in Reader’s Digest, Toronto Life, Canadian Living and TVO. As a child, she diligently hoarded the $50 bills that fell out of her Christmas cards. Adult Lisa is working hard to resurrect those stockpiling tendencies. 

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