man holding out bank card

Household debt in Canada, brace for reckoning

Curtis Haigh Blog

Household debt in Canada has reached a ballooning 2.16 Trillion dollars.  That is Trillion spelled with a “T”. Where is all of this debt coming from? Well, its not just your traditional mortgage debt – it is credit card debt, consumer credit debt, vehicle loans, and home equity lines of credit (HELOC’s). The potentially damaging factor in rising home equity …