Canadians continue to pile on debt, $1.5 trillion to be exact. How are your clients managing?
that total debt increased by 7.4% in the past year with almost $1 billion in mortgages. Excluding mortgages, the average Canadian has just less than $21,000 in debt.
Interestingly, one-quarter of the respondents to Manulife Bank’s recent debt survey
don’t consider mortgages and car loans to be debt. If you believe that, Canadians really have nothing to be worried about.
Is there reason for concern? Click here
to take our poll.