The Average Canadian Family’s Debt is $100K
As reported by the Globe and Mail [http://www.theglobeandmail.com/], the debt
load of the average Canadian family has hit $100,000. This is a crazy statistic
– as rising housing, debt and mortgage costs are pricing Canadians out of the
market, and stacking debt up against them.
The Vanier Institute of the Family report also reports the debt-to-income ratio
in Canadian home is currently sitting at a record high: 150%. That
debt-to-income ratio number means for every $100 earned (after tax), fami