Are bank loans a factor in consumer insolvency in Canada?
Here again, it is clear that bank loans, other than mortgages on real property, are a significant cause of insolvency. While the amount of bank loan debt varies across cohorts, as a percentage of total liabilities, there is consistency across all groups. Similarly, the total number of debtors that have bank loans, excluding mortgages on real property, is fairly consistent across all cohorts.
