Equity Refinance Mortgage Loans Canada - Equity Mortgage Loans Canada - Second Mortgage Loans Canada
Mortgage Loans Canada, Mortgage Refinance Canada, Equity Mortgage Loans CanadaOnline Mortgage Application Form Instant Mortgage Approval 1-866-573-3122 24 HOUR CUSTOMER SERVICEEQUITY REFINANCE MORTGAGE LOANS CANADA BLOGMortgage Canada Buying and selling a home cheat sheetMortgage Canada Words To Know When Buying A HomeImportant Mortgage Websites linksMortgage Canada Basics - Mortgage Canada GuideMortgage Canada CMHC Newcomers to Canada Buying your First HomeMortgage Canada CMHC Home Buying Step By StepMortgage Canada CMHC Condominium Buyers GuideMortgage Canada Compare all Canadian Credit CardsHow Credit Effects Your Canadian MortgageMortgage Canada CMHC Housing Market Outlook Canada Edition Page 1Mortgage Calculator - Mortgage calculators allow you to make informed mortgage decisions
Equity Refinance Mortgage Loans Canada, Home Equity Unlocking, 1st & 2nd Mortgages, Your Mortgage Experts. My right Mortgage, INSTANT APPROVAL 24/7 CUSTOMER SERVICE FAST MORTGAGE PAYOUTS IN CANADA HIGHEST MORTGAGE APPROVAL RATE IN CANADA 1-866-573-3122

HOME BUYING, BUYING YOUR FIRST HOME & INFORMATION FOR SEASONED HOMEBUYERS
FINANCIAL CONSUMER AGENCY OF CANADA
CANADIAN ECONOMY NEWS
MORTGAGE BROKER NEWS
October, 2015
November, 2015
December, 2015
January, 2016

Canada debt-to-disposable income ratio climbs to fresh record by | 15 Dec 2015

Cannot execute a query to SQLite database.
Canadian household debt ascended to another record in the third quarter, underscoring why policy makers are stepping up efforts to limit the risks of a collapse in the nation’s real estate market
Credit-market debt including mortgages was 163.7 percent of after-tax income, up by 1 percentage point from the second quarter, Statistics Canada said Monday in Ottawa. That figure was balanced by ratios of debt to assets and debt to net worth, which at 17 percent and 20.5 percent remain little changed over the past several quarters.

Concerns about the obligations some families are taking on to buy homes, particularly in Toronto and Vancouver, led Finance Minister Bill Morneau to tighten mortgage lending requirements on Friday. Bank of Canada Governor Stephen Poloz has identified housing-market strains as a key risk to stability, a view he updates tomorrow in the semi-annual Financial System Review.

 
 

Canada debt-to-disposable income ratio climbs to fresh record

by |
 
Canadian household debt ascended to another record in the third quarter, underscoring why policy makers are stepping up efforts to limit the risks of a collapse in the nation’s real estate market
Credit-market debt including mortgages was 163.7 percent of after-tax income, up by 1 percentage point from the second quarter, Statistics Canada said Monday in Ottawa. That figure was balanced by ratios of debt to assets and debt to net worth, which at 17 percent and 20.5 percent remain little changed over the past several quarters.

Concerns about the obligations some families are taking on to buy homes, particularly in Toronto and Vancouver, led Finance Minister Bill Morneau to tighten mortgage lending requirements on Friday. Bank of Canada Governor Stephen Poloz has identified housing-market strains as a key risk to stability, a view he updates tomorrow in the semi-annual Financial System Review.

Credit-market debt rose 1.4 percent in the third quarter to C$1.89 trillion, faster than the 0.8 percent gain in disposable income.

The rise in debt loads comes as the cost of borrowing has dropped. The ratio of interest payments to disposable income fell to a record low 6.1 percent, Statistics Canada reported.

The aggregate figures on household debt have masked signs that home households have rung up even larger bills. Mortgage debt was at least 500 percent of disposable income in 10.8 percent of households in 2012, up from 3.4 percent of households in 1999, according to a paper published Wednesday by C.D. Howe Institute, a Toronto-based research group.


Bloomberg
By Greg Quinn

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

 

Name (required)
   
Comment (required)
   
 
   
   
  By submitting, I agree to the Terms & Conditions
 
 
 
 
<< Back Add New Comment
0 items total
Add New Comment
Name*
Subject*
Comment*
Please type the confirmation code you see on the image*
Reload image

Powered by 4GoodHosting