Debt Consolidation in Action: Saskatchewan
See how we’ve helped other Saskatchewaners overcome their issues with debt.
When it comes to debt problems Saskatchewaners are really having a difficult time to make ends meet. The unemployment rate in the province of Saskatchewan is 6.1 per cent and it is edging closer to the national average of 6.8 per cent. Many Saskatchewaners are also having a hard time paying off their debts and as a consequence, they are filing for bankruptcy or seeking advice on insolvency. The following will help you gain a better understanding of how debt can affect you and your fellow residents in Saskatchewan. We also show you some real-life case studies of how we’ve helped other Saskatchewaners manage their debt. If you need help, call us at (844)-402-3073 or complete our easy debt analysis.
Debt statistics in Saskatchewan
To get a better idea of how you compare to other Saskatchewaners, here are the averages of some debt statistics:
- Average credit card debt: $1,179.00 per borrower
- Average student debt: $885.00
- Average mortgage debt: $24,741.00
- Average consumer debt (non-mortgage): $7,859.00
All of the above statistics are from Statistics Canada.
Insolvency Statistics
| Canada | 2022 | 2021 | % Change |
| Total Insolvencies | 100,184 | 90,092 | 11.2% |
| Consumer Proposal | 75,598 | 62,631 | 20.7% |
| Bankruptcy | 24,586 | 27,461 | -10.5% |
| Saskatchewan | 2022 | 2021 | % Change |
| Total Insolvencies | 3,116 | 2,724 | 14.4% |
| Consumer Proposal | 2,474 | 1,980 | 24.9% |
| Bankruptcy | 642 | 744 | -13.7% |
Saskatchewan Cities
Speak to a trained counsellor today to determine your best choice.
