July 2017

Found 1 blog entry for July 2017.


Debt has a bad rep. And it should! There are more bad kinds of debt than good, and when as anybody knows, it can get out of hand rather quickly with a couple of big purchases. But let's dig a little deeper into debt as it pertains to the average Canadian household. It is true Canadian debt has reached an all-time high. However, a closer look reveals it's not irresponsible debt.

It's worth nothing that the biggest portion of debt is related to mortgages (two thirds to be more specific), while the remaining third is split between consumer credit (29%) and other loans.

Also, the growth in household debt has been a logical progression from ultra-low interest rates.…
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