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Mortgage Broker News | 25 Feb 2015, 06:47 AM Agree 0
Canadians are ignorant of their real level of debt according to a new poll.
  • Okanagan Broker | 25 Feb 2015, 10:57 AM Agree 0
    I like the BC figures compared to other locations, I wouldn't have expected that...But I would also suggest that most Canadians ARE NOT ignorant of their debt to income ratio, (saying 48% vs actual 162%) I would suggest they simply didn't understand the question as it was posed..In 25 years of lending I have encountered very few clients who are completely out of touch with their finances...
  • John S. | 25 Feb 2015, 11:21 AM Agree 0
    162% was announced first time about 2 years ago and it became kind of a "household figure". I wouldn't be surprised if that number today is lot higher today.
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