FYI as a past Muskoka owner back in the 80 and 90s I will give you a little lesson.  THe Muskokas lakes and I am talking about the big three might have a thousand propertys max.  By my guestimate between hollywood , retired NHL players and some 1% ers out of hedge fund land that pretty well wraps things up herer.    This is unique to the North American landscape and should not be used as any barometer for any debt comparison. I dare say the millionaire and billionares out there have little debt at all.