Get a free, no obligation personal loan quote with rates as low as 9.99%
Get Started You can apply with no impact to your credit score

Watch our CEO and President, Scott Satov, joined by Eva Wong, co-founder & COO at Borrowell and Khushboo Jha, CEO at BuyProperly, discuss the implications of increased household debt for Canadians.

Main points of discussion:

  • Is there good debt and bad debt?
  • How Canadian consumers can get debt at better rates and avoid harmful debt.
  • Optical debt levels for individual consumers
  • Best practices for manage debt levels
  • Mortgage payment deferrals
  • Leverage technology to help with debt planning
  • The affect Canadian household debt on the current economy

BuyProperly is an online platform that allows the average consumer to invest in fractional real estate deals. Their goal is to help investors build growth by adding real estate to their portfolio without needed to make a large downpayment.

For more information about BuyProperly check out our interview with them.

Caitlin Wood, BA avatar on Loans Canada
Caitlin Wood, BA

Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.

More From This Author

Special Offers

More From Our Experts

https://loanscanada.ca/wp-content/uploads/2024/06/BOC-interest-rate-cut.png
Bank Of Canada Lowers Interest Rates: What It Means For Fixed And Variable Mortgage Rates

By Sean Cooper
Published on June 28, 2024

With the Bank of Canada cutting interest rates again, let’s recap what happened. There’s also a lot of confusion about variable and fixed mortgage rat...

https://loanscanada.ca/wp-content/uploads/2024/02/HSBC-Mortgage.png
HSBC Mortgage Fraud: Has It Affected The Housing Affordability Crisis?

By Maidina Kadeer, BA

Have you heard about the HSBC mortgage fraud? Check out how this complex scam may have affected mortgage prices in Canada.

https://loanscanada.ca/wp-content/uploads/2024/02/Fixed-vs-Variable-mortgage-trends-2024.png
Fixed vs. Variable Rate In 2024 | Which Should You Choose?

By Lisa Rennie

Check out the mortgage interest rate trends for 2024. Find out whether you should opt for a fixed or variable rate mortgage in 2024.

https://loanscanada.ca/wp-content/uploads/2024/02/Alpine-Supply-Shortage.png
Why Lower Interest Rates Won’t Solve The Housing Crisis: Root Cause Is Supply Shortage

By Maidina Kadeer, BA

Find out why BOC's Governor Tiff Macklem says supply shortage is the root cause of Canada's housing affordability crisis.

https://loanscanada.ca/wp-content/uploads/2023/09/LC_KOHO_Scholarship.png
Meet The Winners of The Loans Canada x KOHO Winter 2024 Financial Literacy Scholarship

By Caitlin Wood, BA

Congratulations to Ezinne Ifeanacho and Julia Pederson – the recipients of the 2024 Winter Loans Canada x KOHO scholarship.

https://loanscanada.ca/wp-content/uploads/2023/10/Social-Media-Share-Loans-Canada-1.png
Unlocking Financial Success: The Vital Role of Exceptional Customer Service

By Leanne Escobal

With insights from Scott Satov, CEO of Loans Canada, and Romana King, Editor at Finder, this article emphasizes customer service in finance.

https://loanscanada.ca/wp-content/uploads/2023/10/housing-accelerator.png
What Is The Housing Accelerator Fund?

By Sean Cooper

Find out what is the Housing Accelerator Fund and it will impact housing affordability in Canada.

https://loanscanada.ca/wp-content/uploads/2022/07/Bank-of-Canada-Interest-Hike-1.png
How Will The Bank Of Canada’s Interest Rate Cut Affect You?

By Maidina Kadeer, BA

The interest rates set by the Bank of Canada, also known as the ‘bank rate’, is a key factor in determining the cost of borrowing money.

Recognized As One Of Canada's Top Growing Companies

Loans Canada, the country's original loan comparison platform, is proud to be recognized as one of Canada's fastest growing companies by The Globe and Mail!

Read More

Why choose Loans Canada?

Apply Once &
Get Multiple Offers
Save Time
And Money
Get Your Free
Credit Score
Free
Service
Expert Tips
And Advice
Exclusive
Offers

Build Credit For Just $10/Month

With KOHO's prepaid card you can build a better credit score for just $10/month.

Koho Prepaid Credit Card