Canada Household Debt Reaches Another Record High

Canadian households continue to get into deeper debt, but the most recent data also offers a bit of a respite  credit accumulation is slowing
Canadian households continue to get into deeper debt, but the most recent data also offers a bit of a respite  credit accumulation is slowing and there's evidence the Bank of Canada is correct in saying the problem appears to be stabilizing.

A Statistics Canada report Friday calculates the average household owed a record $164.97 in market debt for every $100 of disposable, after-tax income they earned in the fourth quarter of 2012 slightly more than the previous high of $164.7 in the prior three months.

READ Full Story at the  huffingtonpost.ca

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with

 

 

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