Canada’s Household Debt Crisis: Why Interest Is Eating Our Future
Update: 2025-10-08
Description
Canada’s Debt Crisis Is Here — And It’s Worse Than You Think. Canadians are drowning in debt — and no one wants to admit it. Household debt in Canada just hit $2.9 trillion, with the debt-to-income ratio soaring to record highs. For every dollar we earn, we owe $1.80. And now, rising interest costs are eating up our paycheques — not groceries, not savings, just interest.
For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
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