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Canadian consumer debt reached a record $2.56 trillion by the end of 2024, with Ontario residents facing difficulties meeting payments, experiencing a 90.2% increase in mortgage delinquency rates. Despite high unemployment rates, Windsor area residents are faring better due to lower housing prices. However, Windsorites are accumulating non-mortgage debt on auto loans, credit cards, and lines of credit, showcasing a growing financial divide in the country.
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