Oh Canada: The Rise of Household Debt

Oh Canada: The Rise of Household Debt

The current state of Canadian household debt seems to be on everyone’s minds these days. With interest rates hitting a historical low last year and with housing prices also on the rise, more and more Canadians are taking on debt to help pay for homes, cars and consumer goods. Take a look at our infographic below for a quick snapshot look at the issue of rising household debt across the country.

Canadian household debt infographicCanadian household debt infographic

Having Issues With Your Current Debt Load?

If you feel as though your debts are spiraling out of control, don’t wait any longer to get the help you need and deserve. Click here to fill out our debt management application and take control of your debt and your financial life.

Written by in Debt
Caitlin graduated from Dawson College in 2009 and completed her Art History degree from Concordia University in 2013. She started working as a freelan...

Note:

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.