Canadians Struggling Under Crushing Debt Burden; Forced to Downsize and Cut Spending Just to Get By

Canadian households have unprecedented levels of debt, making it hard for many to afford their lives.

Some, like Deborah Diebel, have sold homes they can no longer afford and downsized to rentals, improving quality of life.

Household debt in Canada is now higher than the entire GDP, concerning experts about ability to handle rising interest rates.

Financial counsellors like Pamela George see professionals earning $100k+ who still can't afford groceries or mortgages.

To make life affordable, experts advise earning more, spending less, or both. Some take drastic steps like stripping to pay rent.