Regina Homes & Condos For Sale|Regina Real Estate 

Debt nationwide of $21,458.

Average debt in Calgary is $28,421 excluding mortgages, while Edmonton's average debt is $26,479 compared to average consumer debt nationwide of $21,458. 


CONSUMER DEBT AND DELINQUENCY


The only age category to experience an increase in delinquency rates in the last quarter of 2015 was the under-26 group. The rate for that category rose 2.9 per cent.

 

"Debt is often used as a tool for consumers to accomplish their objectives. However, as people get older, their income earning capabilities generally trend downward," Equifax said in a release. "To increase their financial security, Canadians should develop a plan to pay off their debt within a set timeframe."

 

Equifax says interest rates will rise eventually and those relying on the availability of cheap credit will be tremendously vulnerable.

 

Canada's total reported consumer debt is now at $1.621 trillion, compared to $1.529 trillion a year ago.

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Aaron Habicht
Cell:1-306-536-2454
Sutton Group - Results Realty
3904 B Gordon Road
Regina, SK
S4S 6Y3 CA
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