{"id":18714,"date":"2016-03-10T12:57:50","date_gmt":"2016-03-10T17:57:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18714"},"modified":"2016-03-10T12:57:50","modified_gmt":"2016-03-10T17:57:50","slug":"albertans-have-highest-debt-load-in-canada-equifax-says","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18714","title":{"rendered":"Albertans have highest debt load in Canada, Equifax says"},"content":{"rendered":"
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Albertans have highest debt load in Canada, Equifax says<\/h3>\n<\/div>\n

Consumer debt delinquencies jump 25% in province, 17% in Calgary<\/strong><\/p>\n

\"Consumer<\/p>\n<\/div>\n<\/div>\n

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Consumer debt in Alberta has jumped 17 per cent. (Joe Raedle\/Getty Images)<\/p>\n<\/div>\n<\/div>\n

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Albertans have the highest average debt load in the country\u00a0at more than $27,000, says\u00a0Equifax\u00a0Canada.<\/div>\n<\/div>\n<\/div>\n
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A study released this morning says consumer debt\u00a0delinquencies in the province\u00a0jumped 25 per cent over the same quarter last year.<\/p>\n

But the nationwide delinquency rate didn’t change, and\u00a0Equifax Canada says rates remain at historic lows.<\/p>\n

“Despite the ups and downs of today’s economy we’re seeing that Canadians are generally able to manage debt and rein in spending when they have to,” Regina Malina, the senior director of decision insights at Equifax Canada, said in a release.<\/p>\n

“It may be a surprise to some, but the fact is delinquency rates in the oil-producing provinces are still relatively low. Most people are still finding a way to pay back what they owe.”<\/p>\n

Average provincial debt (excluding mortgages)<\/strong><\/p>\n

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  • Ontario: $21,072<\/li>\n
  • Quebec: $18,070<\/li>\n
  • Nova Scotia: $21,709<\/li>\n
  • New Brunswick: $22,107<\/li>\n
  • PEI: $21,483<\/li>\n
  • Newfoundland: $22,766<\/li>\n
  • Alberta: $27,576 25<\/li>\n
  • Manitoba: $17,913<\/li>\n
  • Saskatchewan: $23,941<\/li>\n
  • British Columbia: $23,040<\/li>\n
  • Canada: $21,458\u00a0<\/strong><\/li>\n<\/ul>\n

    Average debt in Calgary is $28,421 excluding mortgages, while Edmonton’s average debt is $26,479 compared to average consumer debt nationwide of $21,458.<\/p>\n

    The only age category to experience an\u00a0increase in delinquency rates in the last quarter of 2015 was the\u00a0under-26 group. The rate for that category\u00a0rose 2.9 per cent.<\/p>\n

    “Debt is often used as a tool for consumers to accomplish their objectives. However, as people get older, their income earning capabilities generally trend downward,” Equifax said in a release.\u00a0“To increase their financial security, Canadians should develop a plan to pay off their debt within a set timeframe.”<\/p>\n

    …click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Albertans have highest debt load in Canada, Equifax says Consumer debt delinquencies jump 25% in province, 17% in Calgary Consumer debt in Alberta has jumped 17 per cent. (Joe Raedle\/Getty Images) Albertans have the highest average debt load in the country\u00a0at more than $27,000, says\u00a0Equifax\u00a0Canada. A study released this morning says consumer debt\u00a0delinquencies in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1082,103,3000,3158,195,3894,12864],"class_list":["post-18714","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alberta","tag-canada","tag-cbc-news","tag-consumer-debt","tag-debt","tag-equifax","tag-erika-stark"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18714"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18714\/revisions"}],"predecessor-version":[{"id":18715,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18714\/revisions\/18715"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}