Canada now has the highest level of household debt in the G7, with mortgages making up 75 per cent of owed money, according to the Canada Mortgage and Housing Corporation. Eric Sorensen explains how this makes Canada vulnerable to a global economic crisis, and has advice for homeowners struggling to pay the bills.
- Canadian mortgage debt surges to $2.08T amid high inflation, interest rates
- Canada has the highest household debt level in G7, housing agency warns