Household Debt in Canada Explained: Trends, Warning Signs & How to Get Out of Debt

Credit Canada credit counsellor Brandon Thonson joins Bruce Sellery to unpack the current state of household debt in Canada, where consumers now owe $1.77 for every dollar earned. Brandon shares what he's seeing on the front lines, from people using debt to service debt, to mortgage renewals jumping 15–20%, to a 39% increase in counselling requests at Credit Canada. He identifies the warning signs that debt is becoming unmanageable, explains what to expect during a credit counselling session, and outlines solutions, including debt consolidation programs, conversations with financial institutions, and Credit Canada's GOLD coaching program. A compassionate, no-judgment conversation about taking control of your finances. Find out more at creditcanada.com and connect on Facebook , X , LinkedIn , Instagram , YouTube and TikTok .

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Household Debt in Canada Explained: Trends, Warning Signs & How to Get Out of Debt is an episode from Moolala: Money Made Simple with Bruce Sellery by Bruce Sellery.

This episode is 10:32 long.

This episode was published on Apr 15, 2026.

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