Canada’s Household Debt Crisis: Why Interest Is Eating Our Future

Canada’s Debt Crisis Is Here — And It’s Worse Than You Think. Canadians are drowning in debt — and no one wants to admit it. Household debt in Canada just hit $2.9 trillion, with the debt-to-income ratio soaring to record highs. For every dollar we earn, we owe $1.80. And now, rising interest costs are eating up our paycheques — not groceries, not savings, just interest.Welcome to The Owl Mortgage Podcast, hosted by Vince Gaetano and co-host Cristina Minatel.Each week, Vince and Cristina break down the latest news, market trends, lender updates, and mortgage announcements affecting Canadians. From interest rates and housing policy to insider industry insights and practical advice for homebuyers, homeowners, and investors, they make complex topics easy to understand.Whether you're buying your first home, renewing your mortgage, refinancing, or simply trying to stay informed, you'll get honest conversations, expert analysis, and a few laughs along the way.Tune in every week for new episodes and discover the information that could help you make smarter mortgage decisions.For more information, be sure to visit  https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/