Statistics Canada reports household debt-to-income ratio ticked higher in Q1

Canadians’ household debt burden rises slightly in the first quarter

Statistics Canada reports the ratio of household credit market debt to disposable income rose to 173.9 per cent

Statistics Canada Reports Household Debt-to-Income Ratio Ticked Higher in Q1

Statistics Canada says the amount Canadians owe relative to their income ticked higher in the first quarter as debt grew faster than income. The agency says the ratio of household credit market debt to disposable income rose to 173.9 percent on a seasonally adjusted basis, up from 173.5 percent in the fourth quarter of 2024. In other words, Statistics Canada says there was $1.74 in credit market debt for every dollar of household disposable inco…

Statistics Canada reports household debt-to-income ratio ticked higher in Q1

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Household debt-to-income ratio ticked higher in Q1

Statistics Canada reports that the level of debt owed by Canadians in relation to their income increased in the first quarter, as debt accumulation outpaced income growth. The agency indicates that the ratio of household credit market debt to disposable income climbed to 173.9 percent on a seasonally adjusted basis, rising from 173.5 percent in the fourth quarter of 2024. ...

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Statistics Canada reports household debt-to-income ratio ticked higher in Q1 - Mortgage Rates & Mortgage Broker News in Canada

Statistics Canada says the amount Canadians owe relative to their income ticked higher in the first quarter as debt grew faster than income.