In a recent article published on TVA Nouvelles, “Canadians Plan to Spend Less This Year | TVA Nouvelles,” a survey conducted by BMO Bank revealed that 78% of Canadians plan to buy fewer gifts for their loved ones this year.

According to the same survey, more than half of households (51%) reported growing financial anxiety as the holidays approach, while up to a quarter of respondents (24%) are unsure they will be able to pay off their holiday bills on time.

“On average, Canadians believe it will take three months to pay off their holiday bills,” according to a summary of the survey.

Some Tools for Coping with Financial Stress During the Holiday Season

If you’re one of the many people affected by the rising cost of living, here are a few articles from Multi-Prêts Hypothèques to help you think through your options and give you ideas for coping with the financial stress you want to manage as quickly as possible:

A mortgage broker is your best ally when it comes to restructuring your payments.

Are you worried about your financial situation? Give yourself a priceless gift: the peace of mind you need this holiday season. If you’re struggling to see how you’ll make ends meet after the holidays, now might be a good time to contact your mortgage broker.

It’s quite possible that, if you have debts with higher interest rates, a call to your mortgage broker could significantly reduce your monthly payments and give you the breathing room you need.

First, your broker is a mortgage professional regulated by the Autorité des Marchés Financiers; second, they work exclusively in your best interest and can find a solution from among more than 200 different mortgage products.

Find a mortgage broker – Multi-Prêts Hypothèques (multi-prets.com)