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Title : Statistics Canada reports household debt-to-income ratio edges lower
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Statistics Canada reports household debt-to-income ratio edges lower

The Canadian Press</span>
Published Thursday, March 15, 2018 8:37AM EDT
Last Updated Thursday, March 15, 2018 8:52AM EDT

OTTAWA - The ratio of Canadian household debt relative to income edged down ever so slightly in the fourth quarter.

Statistics Canada says household credit market debt as a proportion of household disposable income was 170.4 per cent in the fourth quarter.

That compared with 170.5 per cent in the previous quarter.

In other words, there was $1.70 in credit market debt for every dollar of household disposable income.

Total household credit market debt, which includes consumer credit, mortgage and non-mortgage loans, amounted to $2.13 trillion.

Mortgage debt totalled $1.397 trillion, while consumer credit rose to $630.4 billion.

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