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Debt Managing With A New Mortgage

The average Canadian owes 25% more in debt than they earn in disposable income–according to a year-end Bank of Canada study.  That’s double the debt load Canadians had in the mid-80s.

If the water level is coming up to your head, don’t let it go over.  There are solutions–including refinancing and home equity loans.  Call MyVMA now to learn more.

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Last modified: January 4, 2007

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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