Saskatoon Mortgage Broker shares article on Canada’s debt-to-income ratio

Canada’s debt-to-income ration inches down to 163.3%

CBC News, June 12, 2015

The amount that Canadians owe compared to how much they earned ticked infinitesimally lower in the first quarter, Statistics Canada reported Friday.

The debt-to-income ratio of Canadian households ticked down three-tenths of a percentage point to 163.3 per cent in the first three months of the year. That’s the first decline we’ve seen after three consecutive quarterly increases, something the data agency attributed to disposable income increasing by more than debt. Income was  up 0.9 per cent compared to 0.7 per cent for debt in the three-month period.

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