More Canadians than you might think are technically insolvent and, if you think about it, what happens if there is a real estate market correction? Check out the following Ipsos Reid survey article for more.

There are some amazing numbers coming out of a recent Ipsos Reid survey including:

– almost 1 in 4 (24%) Atlantic Canadians are technically ‘insolvent’
– Canadians estimate the average Canadians’ debt-to-income ratio at 48% when it is in actual fact 162%

With the housing market softening in Newfoundland and Labrador, what happens to these numbers if there is a ‘true’ real estate market correction?

For the full article and more surprising statistics click here