#DFI30 - LIT in the Brampton office @ Hoyes Michalos & Associates. I tweet about #debt

Brampton, Ontario
Joined March 2010
As an LIT in Brampton, I think this just the beginning. These numbers are going to increase. I would be interested to know the amount of people that are in arrears on their property taxes. I would imagine that number has increased significantly
Top 10 places in Ontario for Power of Sale new listings so far in 2026.
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I spoke to a gentleman today, who purchased 7 pre-cons, his intentions were to sell them all via assignments. That backfired, and he has only able to close on 1 of them.
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I met with a long-haul trucker today that has always done trips to the states and back. He said he hasn't done a load since the end of June due to the Tariffs. He is going to lose 2 trucks, 2 trailers and very likely his house. Not a good situation but very common now.
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In Brampton, I am seeing a lot of young people still in their 20s with significant amounts of debt. Debt problems can happen at any age
Age shouldn’t hold you back - Doug & Ted share a step-by-step mini-guide on this week's Debt Free in 30 podcast episode to help you get out of the debt cycle no matter where you are in life! 📈 #freshstart #canadianpodcast #retirement #financialassistance youtu.be/psd9uYK27ZE
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We’ve worked with many Ontarians who were surprised to find the CRA had taken funds directly from their account. 💸 It’s stressful, but there are solutions. Here’s what to know about how the CRA collects, and what options exist to help you move forward:🔗 hoyes.tips/cra-can-freeze-yo…
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I can confirm. I saw the first writ of seizure and sale from CRA that I have seen in a very long time. I am also seeing a lot of bank accounts getting frozen and wage garnishments. CRA is definitely ramping up collections
CRA hit pause on collections in 2020 (can't garnishee wages if no one is working). Five years later, that pause is over. They’re coming hard: freezing bank accounts, slapping liens on properties, and hitting employers with Requirement to Pay notices. This is an observation, not a comment. I’ll let each of you draw your own conclusions.
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Debt consolidation was supposed to make things easier...so why does it feel like you're back at square one? If consolidation didn’t work out, you’re not out of options. There are solutions that actually reduce your debt, not just shuffle it around. hoyes.info/failed-debt-conso…
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Can you walk away from a car loan in Ontario? 🚗 In some cases, surrendering your vehicle is an option. But there’s a right way to do it, especially if you’re behind on payments. This video explains how voluntary vehicle surrender works in Ontario: youtu.be/ajBUGhUIzcQ?si=dK0I…
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BREAKING🚨The highly anticipated "Joe Debtor" Annual Consumer Bankruptcy study has been released: Canadians are facing a debt crisis. Financial stress is rising across ALL income levels in Canada. Read the full study: hoyes.com/press/joe-debtor/
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1 million+ Canadians will face a mortgage renewal in 2025, and despite rate drops – most of these will renew at higher interest rates 📈 Bottom line: when a mortgage becomes unmanageable, consult (for free!) with a Licensed Insolvency Trustee. hoyes.com/blog/what-do-do-ca…
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If you go to a mortgage broker and they say they have "loopholes" to get you approved and get into a condo, while you don't have a down payment. Please walk away
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Many retirees take on debt to help adult children, often putting their future plans at risk. To reduce what’s owed and create a path to financial stability, learn about regulated, government-approved, debt relief solutions available in Ontario at hoyes.com ✅
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When you're juggling multiple subscriptions, those small monthly charges can add up fast. 💸 Cutting just one can free up extra cash to chip away at debt. It doesn't have to take massive sacrifices—finding tiny savings make a big difference over time. ✅💰
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NEW PODCAST💥Debt isn’t just about interest—it’s about the unexpected costs, stress, and compromises that can come with borrowing. 💸 Tune in for practical advice to help you make informed borrowing decisions: youtube.com/watch?v=rG0BDDpd… #debtfree #financialpodcast #canadianpodcast
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Thanks Brampton!!!
We’re honored to have won the Diamond Award in the Brampton Reader’s Choice Awards! 💎 A heartfelt thank you to the community!🌟 hoyes.com/ontario-offices/br… #ReadersChoice #Brampton #LicensedInsolvencyTrustees #Bankruptcy #ConsumerProposal #DebtHelp #DebtRelief
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VOTE HERE👉 hoyes.info/readers-choice-42… We’re honored to be nominated for the Brampton Guardian Readers' Choice Awards, and we’d be grateful for your vote if you've appreciated our services or content! #readerschoice2024 #debtrelief #debtfreejourney #debtsolutions #ontariocanada
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Banks aren't always on your side when it comes to debt! 🚨 Ultimately, banks are businesses with their own profit motives, which may lead to suggestions that aren't in your best interest. #debtfreein30 #podcastclips #bankruptcy #debthelp #expertadvice #finances
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