Decent article below about household debt in Canada.
I have highlighted comments about interest rates staying stable until 2014, as well as comments towards the end of the article regarding the long term potential of rates rising a bit and home owners planning for this eventuality.
At a recent WinnipegREALTORS® forecast breakfast the following statistics were presented:
1) Personal Debt per capita (2011)
2) Mortgage Arrears - Deliquency Rate (90+ days, 2011)
USA 3.46 %
Canada 0.41 %
Manitoba 0.21 %