As you may remember, we published our Joe Debtor study at the end of March 2017. This study takes place every two years and analyzes data from insolvent debtors from across Ontario. When it comes to homeowners, we're seeing a steady decline in the rate they're filing insolvency. That doesn't mean they're without debt, it just means they're getting creative with how they hold off insolvency.

Although only 17% of all insolvent debtors in our 2017 study were homeowners, roughly 30% of people who call into our offices are homeowners looking for help dealing with their debt. Because home values are so high right now, it may make more sense for the caller to pull from their home equity to help pay off their existing debt, or even sell their home to pay off their debts in full.

Full details on how to avoid excessive mortgage debt on today's show.