By: Carmen Chai | CreditCards.ca | June 17, 2014
Read More, and see what Mike Gomes says about how his clients preserve debt in Toronto, Ontario.
Got credit card debt? So do a lot of other people in Canada — but where you live might affect how much debt you’re carrying.
Canadians average $27,400 in consumer debt, according to an analysis of credit files by credit bureau TransUnion released at the end of February 2014. (Consumer debt refers to credit card debt, lines of credit and auto loans, among other spending – but not mortgages.) But western Canadians are doing the most damage, according to the report. In Vancouver, for example, consumer debt sat at a whopping $41,077 per person at the end of 2013. On the other end, consumer debt in Toronto was about $24,000…
