(647) 999-5837

Greater Toronto Real Estate Blog – Learn the Market

Search More

Monthly Archives: January 2014

Too Much Debt?

Posted on January 7, 2014 by Orkhan Raguimov in Real Estate

Did you know that the average Canadian has approximately $27,000 in consumer debt, not including mortgages? Statistics Canada also reports that the total debt, including mortgages, has climbed to 165.75% of disposable income in the third quarter of 2013, meaning Canadians end up owing $1.66 for every $1 they earn in income.

Continue reading →