Concerns about Canada’s $2 trillion in household debt overblown; net worth has increased to $10.3 trillion

Household Debt and Government Debt in Canada

By Fraser Institute -- Bio and Archives--July 18,2017

Canadian News, Opinion | Comments | Back To Full Article

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VANCOUVER—Canadian household debt has increased significantly since 1990—but so has the value of household assets, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Despite alarmist headlines, concerns about Canadian household debt levels can be overblown. When looking at debt levels it’s important to consider the degree to which Canadians are also using it to increase their net worth,” said Livio Di Matteo, a senior fellow with the Fraser Institute, professor of economics at Lakehead University and author of Household Debt and Government Debt in Canada.

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