Mortgage News
Half of Canadians expect to be debt-free by 2017
In a Leger Marketing poll, 54% of Canadians said they expect to be debt-free in five years.
Published
According to a recent survey, half of the Canadian population have stated they expect to be debt-free by 2017. A poll conducted by Leger Marketing revealed that the debt of the average Canadian sits at $112,329. In this article from the Financial Post, we also learn that 43% of Canadians aged 35-44 owe more than $100,000.
This blogpost explores the current statistics surrounding Canadians' debt levels and the steps they are taking to reduce it. A large percentage of Canadians are taking advantage of low mortgage rates, lump sum payments and other methods to achieve financial freedom.