Betamax pointed out this article in the Vancouver Sun.
The average consumer debt load in Vancouver is over $40k, and that’s without mortgages on expensive property.
The average consumer debt in Vancouver, excluding mortgage, is the highest in Canada, according to a new report.
TransUnion’s quarterly analysis of Canadian credit trends, released on Wednesday, found that the average consumer’s total debt in the city in the third quarter of this year was $40,174. The second-highest was Calgary’s debt, at $37,920.
Nationally, the average consumer debt was $27,355.
Read the full article here.