Proportion of Canadians in households with high total debt service ratios,1 by family type, 2009
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|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|
† 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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