Quote:
Originally Posted by chemgear
^ Further to that:
Q1 2012
Credit cards - $3,462
Lines of Credit - $34,107
Auto Loans - $18,212
Installment Loans (mostly mortgage I assume?) - $21,974
Not sure yet how they got to the $26,029 or even the $26,221 number. They're not including the Lines of Credit as many are secured? Anybody else see?
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I assume those averages are based only on the number of people that actually have them (i.e. of the x number of Canadians who have lines of credit, the average owes $34K).