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Average Canadian family debt reaches $96,000 in 2009, study finds


Business | 206579 hits | Feb 16 6:08 am | Posted by: bootlegga
3 Comment

A new study on Canadian family finances says the average household debt climbed to $96,000 last year. That puts the debt-to-income ratio at 145 per cent - the highest level ever recorded by the annual study, now in its 11th year. The study conducted

Comments

  1. by avatar martin14
    Tue Feb 16, 2010 7:27 pm
    one thing I'm missing bootie, cause this looks all wrong to me.

    this debt-to-income of 145%
    for the year;

    does this include the household mortgage ?

  2. by avatar Brenda
    Tue Feb 16, 2010 7:30 pm
    There was a dramatic increase in late debt payments reported, with a 50 per cent increase in the number of mortgage payments that were at least 90 days late, when comparing October with the same period in 2008.

    You might think so, M

  3. by avatar BartSimpson Gold Member
    Tue Feb 16, 2010 7:31 pm
    Looks like Canada's economy is about to catch up with ours. 8O



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