Average debt now $21,348 excluding mortgage

The average Canadian owes $21,348 according to TransUnion credit monitors. The figure is up 2.7 per cent from 2015 and does not include mortgage debt. Credit cards, instalment loans and auto loans have all increased.

Alberta and Saskatchewan have seen above-average debt levels however delinquencies remain low. A larger risk is sub-prime credit card debt which has risen 5.7 per cent.

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Market update:

Investment Hot Spots:
Welland, Marysville, La Doré, Campbell's Bay, Barnston-Ouest

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