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.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?