My reason for immigrating to Canada
Dec 18th 2011, 2:44 pm
#46
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Dec 21st 2011, 6:22 am
#47
BE Forum Addict
Joined: Sep 2010
Location: Maryland (via Belfast, Manchester, Toronto and London)
Posts: 4,802
Re: My reason for immigrating to Canada
The claim was in a report from the OECD. I tend to think they are reliable.
Anyway - here you go. A couple of tables showing debt that validates both our points of view. Canada is at the top of the second one; the one that indicates consumer credit as opposed to mortgages.
http://my.texterity.com/cgaresearchr.../debt2010#pg42
Anyway - here you go. A couple of tables showing debt that validates both our points of view. Canada is at the top of the second one; the one that indicates consumer credit as opposed to mortgages.
http://my.texterity.com/cgaresearchr.../debt2010#pg42
"Overall, Canadian households are not among the most indebted compared with some other OECD countries and their ability to manage debt fares well when assessed based on the debt-to-income ratio."
"Canada's debt-to-income ratio ranked seventh and was twice lower than that of Denmark"
Dec 21st 2011, 6:28 am
#48
Joined: Aug 2005
Posts: 14,227
Re: My reason for immigrating to Canada
From that same page:
"Overall, Canadian households are not among the most indebted compared with some other OECD countries and their ability to manage debt fares well when assessed based on the debt-to-income ratio."
"Canada's debt-to-income ratio ranked seventh and was twice lower than that of Denmark"
"Overall, Canadian households are not among the most indebted compared with some other OECD countries and their ability to manage debt fares well when assessed based on the debt-to-income ratio."
"Canada's debt-to-income ratio ranked seventh and was twice lower than that of Denmark"
http://toronto.ctv.ca/servlet/an/loc...TorontoNewHome
Still, the original point stands that Canadians owe more than brits and I expect that to continue.
