Source: The Canadian Press, December 14, 2017
OTTAWA – The amount Canadians owe relative to their income hit another new high in the third quarter.
Statistics Canada says household credit market debt as a proportion of household disposable income increased to 171.1 per cent, up from 170.1 per cent in the second quarter.
That means there was $1.71 in credit market debt, which includes consumer credit and mortgage and non-mortgage loans, for every dollar of household disposable income.
