OTTAWA (Reuters) – Canadian household debt as a share of income remained near a record high in the fourth quarter, even as interest rates began to rise last year, while home sales fell in February.
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By David Ljunggren and Leah Schnurr. OTTAWA (Reuters) – Canadian household debt as a share of income remained near a record high in the fourth quarter, even as interest rates began to rise last year, while home sales fell in February as tighter mortgage rules hit demand.
Canadians are in the money as wealth rises and household debt falls from record Levels of household debt have fallen from record highs at the same time as our wealth has climbed 3%, data showed today
According to the Pew Research Center, as of 2009 "the typical household headed by an adult 65 or older had $170,494 in net worth, compared with just $3,662 for the typical household headed by an adult.
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Canadian household debt burden falls slightly, but still near record high Canadian household debt as a share of income, a measure closely watched by policy-makers, slipped to 173 per cent in the first quarter from 173.7 per cent in.
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Based on these metrics, Canadian household debt levels are indeed near historic highs. By the end of last year, household debt reached over $2 trillion, up from $357 billion in 1990. The lion’s share of this debt-two thirds in fact-is for mortgages while the remaining third is split between consumer credit (29%) and other loans (5%).
Canadian Household Debt Hits Record High – $1.8-Trillion Owed Posted on March 14, 2018 by Barry Choi 1 Comment According to a new Equifax report, Canadian consumer debt has now climbed to over $1.8-trillion.
Canada’s "Other" Problem: Record High Household Debt. by Tyler Durden.. that’s probably even worse news for Canadian households because it will mean that the country is still mired in recession.. Canadian household debt levels also remain elevated relative to historical norms. While this.
By David Ljunggren OTTAWA (Reuters) – The ratio of household debt to income in Canada hit a record high in the second quarter, although the pace of growth slowed from the same period in 2012, Statistics Canada said on Friday. The federal government and the Bank of Canada have expressed concern that Canadians