Canada’s household debt ratio hits record as what we owe grows faster than our incomes Canadians’ debt is now 164.6% of their income, up from 163% in the first quarter, underlining what the Bank.

canadians owe .67 for every dollar of disposable income: Statistics Canada. Statistics Canada said Wednesday the ratio of household credit market debt to adjusted disposable income crept up to 166.9 per cent in the third quarter, up from 166.4 per cent in the second quarter. That means, on average, Canadians owed $1.67 in credit market debt -.

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Equally important to remember is that, as an average, the debt-to-income ratio conceals as much as it reveals. For example, not every Canadian household has a debt- to-income ratio of 160. There are households whose ratio is much lower than that, and there are others that are well above 160.

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Statistics Canada said Friday the ratio of household credit market debt to disposable income increased to a new high of 163.4 per cent in the second quarter compared with 162.1 per cent in the.

eased to a three-year low of 4.5% in the first quarter. Yet for the debt-to-income ratio the bigger story here is the acceleration in disposable income growth. Household disposable income rose at its fastest annual rate (5.0%) in nine years the first quarter.

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The report shows Canada’s household credit market debt, which includes mortgage loans and consumer credit, jumped by almost two percent to 167.8 percent compared with the first quarter of the year. In total, Canadians now owe about $1.68 for every dollar of disposable income.

Canadians are worrying about debt all wrong: CIBC. The latest numbers from Statistics Canada indicate that household debt now stands at 167.3 per cent of disposable income, a record high. This suggests that, on average, Canadians owe $1.67 for every $1 of disposable income.

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The average canadian household net worth has surged past $400,000 as the housing market continues to grow.. Canadian household debt runs roughly 160% of disposable income, one of the highest in the world.. is around 10% in Canada compared to around 16% of Americans living in poverty as of.

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