Table 3
Proportion of Canadians in households with high total debt service ratios,1 by family type, 2009
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| percentage | |
|---|---|
| All family types | 4.2 |
| Couple family, no children under 25 | 3.2* |
| Couple family, youngest child 0 to 24 | 3.8* |
| Single parent family, youngest child 0 to 24† | 9.6 |
| Other families | 5.1*E |
| Unattached individual | 4.0* |
|
† reference group * statistically significant difference from the reference group at p < 0.05 1. A high total debt service ratio is 40% or greater. For more information, see "What you should know about this study". Note: The total debt service ratio is calculated using 6.45%, the average interest rate for conventional mortgages between 2006 and 2010. Source: Statistics Canada, Canadian Financial Capability Survey, 2009. |
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