Tag Archives: Debt

How Much Is Too Much Debt?

Although recent numbers out of Statistics Canada reported a drop in the ratio of household debt to personal disposable income, most experts agree that Canadians are still sitting on a dangerously high percentage of consumer debt. The truth is we live in an inflated economy. An excellent example of which can be found in our real estate market where our desire to own a home, despite the all-time-high price tag, is keeping mortgages accountable for 65% of credit market debt. Continue reading