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Mortgage Broker News | 17 Feb 2010, 12:00 AM Agree 0
A new study released by the Vanier Institute of the Family suggests average household debt is rising at an alarming pace and Canadians' mortgage and credit card payments are suffering.
  • Dan Mack | 18 Feb 2010, 05:45 AM Agree 0
    What a crock. Why did they not mention the average household pays 50% of their budget in taxes? Government is our #1 crushing household debt. Now that is alarming.
  • david armstrong | 09 Mar 2010, 01:44 AM Agree 0
    This report is so flawed, it is frightening how much weight it has been given. While household debt rose during this period, so did net worth. Consumer debt like loans and credit cars rose over 75%, much higher than mortgage debt. What this report failed to recognize as well, as that during this period programs were put into place to encourage Canadians to increase real estate holdings - ie second home and investment property programs. Of course average mortgage debt is going to increase if people own more real estate.
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