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Canadian household debt hit record high at end of last year, CMHC says

TORONTO — Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Housing Corp. said in a report out Wednesday. The debt to income ratio of Canadians hit a record high of 178.5 per cent in the fourth quarter last year as mortgage holders continued to take on non-mortgage debt.

Canadian debt to income ratios hit a record 178.5 per cent in the fourth quarter last year. average monthly payments rose. maintain the newer mortgage regulations because household debt remains.

Rising interest rates are already drying up credit for Canadian households. Bank of Canada (BoC) numbers show household credit hit another all-time high. In Debt Even with slowing growth, Canadians.

Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Housing Corp. said in a report out Wednesday. The debt to income ratio of Canadians hit a record high of 178.5% in the fourth quarter last year as mortgage holders continued to take on non-mortgage debt.

ALL-TIME RECORD HIGH Household Debt in Canada! U.S. Student Loan Debt Ready to BURST! According to the CMHC, Canadian household debt reached a record high at the end of 2018 even as mortgage activity slowed down. Saving for a home is now a potentially decades-long effort, the.

The debt to income ratio of Canadians hit a record high of 178.5 per cent in the fourth quarter last year as mortgage holders continued to take on non-mortgage debt.

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Household debt hits fresh record, with Canadians owing $2 trillion by the end of 2016 The amount Canadians owe compared with how much they earn has hit another record high, underscoring concerns.

TORONTO – Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Housing Corp. said in a report out Wednesday. The debt to income ratio of Canadians hit a record high of 178.5 per cent in the fourth quarter last year as mortgage holders continued to take on non-mortgage debt.

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The federal housing agency says the debt to income ratio of Canadians hit a record high of 178.5 per cent in the fourth quarter last year as mortgage holders continued to take on non-mortgage debt.

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