Consumer Debt

• Canadian consumers are now carrying $2.1 trillion in debt, driven by mortgages

  Equifax says the debt profile of Canadians has changed throughout the COVID-19 pandemic, with mortgages accounting for a larger portion of people's debt.

  Consumer

  Jun 8
• 52% of Albertans say they’re $200 or less per month away from not paying all bills: MNP

  'The number of Albertans with virtually no wiggle room in their household budgets has increased significantly in the last three months.'

  Money

  Apr 8
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• New survey points to debt trouble in Alberta as COVID-19 pandemic drags on

  Albertans are bracing for more debt and insolvency as the COVID-19 pandemic continues.

  Money

  Oct 13, 2020
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• People living in Alberta cities have more consumer debt than others in Canada

  Credit rating agency Equifax Canada says average consumer debt increased 2.7 per cent to reach $72,950 at the end of 2019.

  Canada

  Mar 5, 2020
• Albertans increasingly concerned about personal debt and paying it off

  Albertans are becoming more pessimistic about their financial future in light of growing debt.

  Consumer

  Jan 21, 2020
• Financial analyst weighs in on StatsCan figures suggesting retail sales down in Alberta

  The latest figures from Statistics Canada are providing a reality check on how retail sales are doing in Alberta going in to Black Friday and the Christmas shopping season.

  Consumer

  Nov 28, 2019
• More Albertans suffering in insolvency silence

  With more Calgarians delinquent in debt payments, and insolvencies reaching their highest point in the city since 1998, the need to talk about debt has reached a high mark.

  Money

  Jun 11, 2019
• Home reno? Debt consolidation? Tapping your home equity is getting harder

  New data from TransUnion finds that Canadians are increasingly turning to unsecured lines of credit — a more expensive way to borrow.

  Money

  May 22, 2019
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• Are indebted Canadians foolhardy or prey?

  Canadians should be responsible for their own debts, but Mike Stafford says Canadian banks and lenders have to share some responsibility, as well.

  Commentary

  Jul 16, 2018
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• Vancouverites have Canada’s highest debt among major cities

  Vancouver was the only place where non-mortgage debt balances grew on a quarterly basis in the first quarter of 2018. It declined in every other major Canadian city in this report.

  Consumer

  Jun 14, 2018