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B.C.’s Metro Vancouver and Greater Victoria top Canada’s debt map: report

Per capita consumer debt close to $361,000 in Metro Vancouver, under $306,000 in Greater Victoria
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Metro Vancouver is the most indebted region in Canada with a per capita consumer debt of just under $361,000, according to a new survey. It links rising consumer debt with B.C.’s lack of housing affordability. (THE CANADIAN PRESS/Darryl Dyck)

British Columbians living in Metro Vancouver, Greater Victoria and the Okanagan are among the most financially stressed Canadians with mortgage and credit card debt weighing heavily, according to a new survey.

The study by Savvy New Canadians drawing on Canada Mortgage and Housing Corporation ranks Vancouver Census Metropolitan Area as the region with the highest per capita consumer debt in Canada with just under $361,000, followed by Victoria CMA with just under $306,000.

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Wolf Depner

About the Author: Wolf Depner

I joined the national team with Black Press Media in 2023 from the Peninsula News Review, where I had reported on Vancouver Island's Saanich Peninsula since 2019.
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