Ottawa released its 2005 Survey of Financial Security on Thursday (better late then never!). It had some interesting mortgage-related stats:
- About 1/3 of Canadians have mortgages on their home.
- The median mortgage (in 2005) was $90,000. You can tell this is an old stat. It's probably closer to $100,000 today due to Canada's hot housing market.
- The average Canadian's debt is up a staggering 47.5% since 1999. Mortgages make up 3/4's of this debt.
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Last modified: December 9, 2006
