Canadians’ debt levels hit record high at end of last year, CMHC says | The Star

Homes are pictured in Vancouver, Tuesday, Apr 16, 2019. Canada Mortgage and Housing Corp. says household debt reached a record high at the end of last year while mortgage activity slowed compared.

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CMHC says Canadians’ debt levels hit record highs at end of last year cmhc defends mortgage stress test changes amid calls for loosening rules CMHC reports canadian housing starts slowed in May

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. CMHC says debt levels rose as average balances for credit cards and lines of credit grew at a faster pace than in 2017, especially in Vancouver.

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 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.

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According to the CMHC, Canadian household debt reached a record high at the end of 2018 even as mortgage activity slowed down. Saving for a home is now a potentially decades-long effort, the report.

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Canadian debt levels are well documented at this point, but we haven’t seen many problems arise – until now. Office of the Superintendent of Bankruptcy (osb) filings show january was a big month for insolvency growth. Bankruptcies are declining across Canada, but more consumers are filing "consumer proposals."

CMHC says canadians debt levels hit record highs at end of last year. ctvnews.ca – The Canadian Press. TORONTO – Canada Mortgage and Housing Corp. says household debt reached a record high at the end of last year while mortgage activity slowed compared.

Sell In May And Go Away: 4 Stocks To Dump Now Today we will take a look at an old investing adage: "sell in May and go away." It is supposed to reflect the idea that market returns over the summer and fall are worse than those in the winter and spring. Under this theory, you should sell all your stocks in May and then buy them back in November. A good story, but . . .