Regina Homes & Condos For Sale|Regina Real Estate 

Canadian household debt ratio hits record high.

BMO Capital Markets says the upward trend in household debt goes back for the 26 years for which it has records and is showing no signs of slowing down.

 

Canadian household debt ratios hit a record high over the spring, according to new figures released Thursday by Statistics Canada.

The ratio of household credit market debt to disposable income rose from 165.2 per cent in the first quarter of the year to 167.6 per cent in the second quarter. 

That means households held $1.68 in credit market debt for every dollar of disposable income, Statistics Canada said.

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Aaron Habicht
Cell:1-306-536-2454
Sutton Group - Results Realty
3904 B Gordon Road
Regina, SK
S4S 6Y3 CA
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