Gen Z credit use up 30%, as Canada’s consumer debt hits $2.5 trillion - Mortgage Rates & Mortgage Broker News in Canada

In this episode, we begin with a welcome and introduction, followed by a sponsor message from Real Approved Inc. We delve into a TransUnion report that highlights consumer debt and its impact on the housing market. The discussion then shifts to the importance of mortgage readiness and financial education. We address economic stress and offer advice on managing clients' financial situations effectively. The episode concludes with closing remarks, a thank you message, and a final sponsor reminder. (0:00) Welcome and introduction (0:18) Sponsor: Real Approved Inc. (0:38) TransUnion report on consumer debt and its impact (1:24) Mortgage readiness and financial education (2:23) Economic stress and client financial management advice (3:13) Sponsor: Real Approved Inc. (3:34) Closing remarks and thank you