That’s a lot of debt, eh. Low rates motivate the middle class to borrow up to as much as 160% of their income. The average Canadian carries about $21,000 to 23,000 in non-Mortgage debt. Mortgage rates are sub-prime (below 2.7%) and houses keep getting built. We’re still climbing out of the 2008 recession and rates… Continue reading Nerdy By Nature: Canada Dances with Financial Disaster