As reported by the Globe and Mail, 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), families owe $150. The majority of families with that debt load are there because of housing costs – many of which are planned; however, the number of families 3-4 months behind in mortgage payments has risen nearly 50% to 17,400 since the current recession began. As costs of housing continue to go up, that debt-average is also going to increase. While the numbers may seem insane, it’s important to remember that, that level of debt doesn’t always mean financial ruin (some families are there, and paying that debt down with a plan). *20 Years Ago ** The average Canadian family debt was $56,800 and that debt-to-income ratio was 93%. These numbers seemed extreme then, but have only grown now. What