In fact TransUnion recently reported that
non-mortgage debt increased 2.75 % in the fourth quarter of 2016.
In fact TransUnion recently reported that
non-mortgage debt increased 2.75 % in... Read more»
Not exact matches
Statistics Canada reported the key ratio crept lower as total household credit market
debt, which includes consumer credit, mortgage and
non-mortgage loans,
increased 1.1 per cent in the fourth quarter to $ 2.13 trillion.
The
increase in the national delinquency figures came as the average Canadian's
non-mortgage debt level grew to $ 21,348 compared with $ 20,785 a year ago.
, overall
non-mortgage debt balances grew by 4.3 percent in 2017; however, millennials had an annual
increase of 12.6 percent!
The total amount of credit market
debt — which includes mortgages,
non-mortgage loans and consumer credit — held by Canadian households
increased to 162.6 per cent of disposable income during the quarter, from a revised 161.5 per cent in the previous quarter.
Statistics Canada said Friday that total household credit market
debt, which includes consumer credit and mortgage and
non-mortgage loans,
increased 1.2 per cent to $ 1.923 trillion at the end of last year.
In December 2017, Allianz Life Insurance Co. of North America released a study that revealed that
non-mortgage debts — including credit card
debt — for Gen Xers has
increased 15 percent since 2014.