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
