Chart 1
Growth in average household debt accelerated after 2002

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Year Consumer credit Mortgages Other
in 2009 constant dollars
1973 13,065 28,787 5,353
1974 13,243 28,774 5,746
1975 13,382 29,127 8,549
1976 14,050 31,173 8,554
1977 14,148 32,730 8,676
1978 14,563 34,154 8,310
1979 14,726 35,088 8,178
1980 14,474 34,302 7,986
1981 13,079 31,985 7,767
1982 11,390 28,818 6,340
1983 10,998 29,253 6,254
1984 11,300 29,255 5,629
1985 12,146 30,389 5,745
1986 12,628 32,746 6,710
1987 13,551 35,315 7,701
1988 14,362 37,691 7,968
1989 14,706 39,848 7,920
1990 14,459 40,247 8,513
1991 13,677 40,148 7,286
1992 13,347 41,787 7,386
1993 13,515 42,542 7,624
1994 14,134 43,719 7,900
1995 14,299 43,791 7,754
1996 14,754 44,422 7,886
1997 15,325 45,103 8,619
1998 16,251 46,010 9,510
1999 17,297 46,779 10,255
2000 18,080 46,777 10,818
2001 18,931 47,120 11,206
2002 19,960 48,155 11,093
2003 21,041 49,309 10,899
2004 23,000 52,156 10,281
2005 24,653 54,816 10,132
2006 26,134 58,225 10,349
2007 28,078 62,300 9,942
2008 29,265 65,576 10,367
2009 31,361 68,751 9,747
Source: Statistics Canada, CANSIM table 378-0051.