{"id":698138,"date":"2026-05-27T23:38:11","date_gmt":"2026-05-27T23:38:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/698138\/"},"modified":"2026-05-27T23:38:11","modified_gmt":"2026-05-27T23:38:11","slug":"calgary-edmonton-among-cities-with-highest-non-mortgage-debt-equifax","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/698138\/","title":{"rendered":"Calgary, Edmonton among cities with highest non\u2011mortgage debt: Equifax"},"content":{"rendered":"<p>Calgary and Edmonton households are carrying some of the highest non\u2011mortgage debt in the country, according to new data. <\/p>\n<p>The latest Equifax Canada report suggests rising financial pressure is hitting Alberta especially hard.<\/p>\n<p>For many Calgarians, stretching a paycheque has become more difficult than it was just a few years ago. Equifax says the average Calgarian now carries just over $24,500 in non\u2011mortgage debt, while Edmontonians are close behind at nearly $24,000.<\/p>\n<p>The non-mortgage debt totals include credit cards, car loans and lines of credit. Overdue payments in both cities also continue to climb.<\/p>\n<p>Laura, an Alberta homeowner, is feeling that strain firsthand as she manages renovation debt on top of everyday expenses. <\/p>\n<p>\u201cWe\u2019re renovating our home, so we\u2019ve got a lot of loans for that reason,\u201d she said. \u201cMy husband takes on side jobs when he can. I do different things from home to provide services for other people.\u201d<\/p>\n<p>The Equifax data lands as many Alberta households continue to face higher grocery prices, rising housing costs, elevated interest rates and ongoing pressure from auto loans and credit use.<\/p>\n<p>Economist Moshe Lander says the issue isn\u2019t just how much debt Albertans carry, but how quickly it\u2019s rising compared to incomes.<\/p>\n<p>\u201cThe debt itself isn\u2019t a problem, it\u2019s how fast the debt is growing in relation to income,\u201d he said. \u201cIf debt is growing at 5 per cent a year and your income is growing at 3 per cent, then you\u2019re in a lot of trouble, because you\u2019re never going to find a path to make it back.\u201d<\/p>\n<p>Nationally, the report shows insolvencies have climbed to their highest level since 2009, while fewer Canadians are taking on new credit cards. It\u2019s a sign many are pulling back on borrowing.<\/p>\n<p>\t\tKeep it Factual<\/p>\n<p>Add CityNews Calgary as a trusted source on Google to see more local stories from us.<\/p>\n<p>\t\t<a href=\"https:\/\/www.google.com\/preferences\/source?q=calgary.citynews.ca\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n\t\t<img decoding=\"async\" class=\"add-trusted-source-badge\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/1778182273_786_google-trusted-badge.png\" alt=\"Add as a preferred source on Google\"\/><br \/>\n\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Calgary and Edmonton households are carrying some of the highest non\u2011mortgage debt in the country, according to new&hellip;\n","protected":false},"author":2,"featured_media":698139,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194294],"tags":[49,48,23752],"class_list":["post-698138","post","type-post","status-publish","format-standard","has-post-thumbnail","category-edmonton","tag-ca","tag-canada","tag-edmonton"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/698138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=698138"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/698138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/698139"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=698138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=698138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=698138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}