Yes, we all know this. Canadian’s debt to income ratio is roughly 148%, higher than Americans by now. But stats are more interesting when presented on a graph. Notice in 1998 our countries were at the same level, but quickly separated. I wonder if that will be the case again this time.
Personally I’m over the 400% mark so people like me are probably skewing the average a bit. Fortunately my mortgage rate is locked in until 2013, but I should probably still keep a close eye on my other debts.