CMHC says Canadians’ debt levels hit record highs at end of last year

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“Canadian household debt levels. Bloomberg, after a record $25 billion of sales in 2011. Relative yields for Canadian covered bonds average 91 basis points, or 0.91 percentage point, more than.

TORONTO – Canada Mortgage and Housing Corp. says household debt reached a record high at the end of last year while mortgage activity slowed compared to a year earlier. The federal housing agency says the debt to income ratio of Canadians hit a record high of 178.5 per cent in the fourth quarter last year as mortgage holders continued to take on non-mortgage debt.

That’s why this year, debt levels are likely to top the $12.68 trillion we saw in 2008, according to the Federal Reserve. This will be a record high. Big mistake, experts say. “Building financial.

The debt to income ratio of Canadians hit a record high of 178.5 per cent in the fourth quarter last year as mortgage holders continued to take on non-mortgage debt.

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The debt to income ratio of Canadians hit a record high of 178.5 per cent in the fourth quarter last year as mortgage holders continued to take on non-mortgage debt.

 · All of this is in an effort to cover a rapidly upward-spiraling national debt even as some of the big players in the bond market sit on the sidelines. The federal deficit is projected to hit $833 billion this year, up from $666 billion from the fiscal year that ended last September.

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 debt to . . .. CMHC says canadians debt levels hit record highs at end of last year.

TORONTO – Canada Mortgage and Housing Corp. says household debt reached a record high at the end of last year while mortgage activity slowed compared to a year earlier. The federal housing agency says.

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Canada’s $2.19 trillion household debt load will likely start swelling again, now that the central bank appears to be on hold for at least the rest of the year with the economy going strong. Consumers.

CMHC says Canadians debt levels hit record highs at end of last year Balances for credit cards and lines of credit grew at a faster pace, especially in Vancouver, Edmonton and Toronto The Canadian.