Canada debt-to-household-income ratio grows to 171% – StatsCan (January 3, 2018)

Canada debt-to-household-income ratio grows to 171% – StatsCan -> LINK

The amount Canadians owe relative to their income hit a new high in the third quarter of 2017.

 

Statistics Canada said in mid-December that household credit market debt as a proportion of household disposable income increased to 171.1%, up from 170.1% in the second quarter.

That means there was $1.71 in credit market debt, which includes consumer credit and mortgage and non-mortgage loans, for every dollar of household disposable income.

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