Canadians spend more of their income on housing
By Jamie Henry | 03 Nov 2014
The U.S. was around the same level and the Netherlands and Sweden spend more on household costs. The rest of the 20 nations polled though pay less with China spending just 15 per cent of their income on their home.
The cost of living was highlighted by 68 per cent of respondents as being the biggest risk to their financial future.
One of the reasons for Canadians spending more on household costs is a wish to pay down mortgages quicker.