Canadian household debt burden falls slightly, but still near record high

For example, after falling almost 20 per cent in the recession, Canadian auto sales rebounded strongly and now are slightly. reduction of household debt. Such treading water will persist for some.

The statistical agency said the household credit market debt-to-disposable-income ratio, the benchmark measure for the average household’s debt burden, was 165.3 per cent in the first three months of 2016, down slightly from the record 165.4 per cent in the final quarter of 2015.

Canadian household debt as a share of income dipped in the first quarter but remained near record highs, Statistics Canada said on Wednesday in a report likely to reinforce concerns that consumers are becoming overly indebted. The ratio of debt to disposable income edged down to 166.9 per cent from an adjusted 167.2 per cent in the fourth quarter.

The previous record Canadian household debt to income ratio was 162.8 percent, recorded in the third quarter of 2012. The ratio in the second quarter increased by 1.3 percentage points from the.

The total amount of credit market debt – which includes mortgages, non-mortgage loans and consumer credit – held by Canadian households hit a record high in the third quarter, climbing to 162.6 per cent of disposable income from a revised 161.5 per cent in the second quarter.

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.

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. The ratio of debt to disposable income dipped to 170.4 percent.

Canadian household debt-to-income ratio hits record high. The ratio of household debt to income rose to 163.4 percent in the second quarter from 162.1 percent in the first quarter. The rise in the ratio followed two consecutive decreases. Analysts said it was too early to draw conclusions from the latest data,

Household. was slightly higher in 2018 (+4.6%) than in 2017 (+4.3%). The sharp slowdown in Canadian growth is fuelling concerns that the country could be close to recession.. Stephen Punwasi.

Canadian Household Debt Ticks Lower, But Still Near Record High Canadians owe $1.67 in debt, on average, for every dollar of disposable income. The Canadian Press CP

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