TORONTO — Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Housing Corp. said in a report out Wednesday.
The ratio increased as average monthly required payments rose 4.5 per cent compared with a year earlier, while disposable income rose only 2.5 per cent, the agency said.Debt levels rose as average balances for credit cards and lines of credit grew at a faster pace than in 2017, especially in Vancouver, Edmonton and Toronto, it said.
“Despite high debt levels, delinquency rates remain low and the number of highly indebted and more vulnerable consumers has decreased.”
This is stephenharper fault, right? RalphGoodale blamed record household debt on CPC policies, right? What is the accuse today?
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