Household Debt In Canada

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In his article 'Debt and family type in Canada' Matt Hurst leaves us with no room for doubt, that Canada has a major debt problem. Within a quarter of a century (between 1984 and 2009) the average household debt has gone up to 110k. To date, we've not only surpassed the G7 nations in household debt, but we've seen the sharpest rise in debt compared to any other G7 nation. Also in his article 'Canadians' Household debt now worth more than entire economy' Daniel Tencer says that our "Total household debt amounted to 100.6 per cent of Canada’s gross domestic product in the second quarter of this year". So far from what I've seen most of the debt is comprised of mortgages, credit cards, student loans and car loans, but I'm sure there are others
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