Sentences with phrase «between household debt levels»
During 2012, households will need to find their equilibrium between household debt levels and consumption.
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In its latest statement, it said «household vulnerabilities have moved higher,» which is how policy makers describe the troubling nexus between excessive housing prices in many cities and record levels of household debt.
«He doesn't want to leave any question about the independence of the Governor of the Bank of Canada, but we have a situation under the Conservative government that has allowed record household debt... and the bank is really caught between a rock and a hard place, because these high debt levels create pressure for higher interest rates, but inflation is very low.
At this point, the bank believes the disparity between house prices / consumer debt and household income growth will finally be reduced to less concerning levels.
An accompanying chart in the CMHC presentation showed that between 2010 and 2016 Canada's household debt - to - GDP level rose by more than five percentage points.
According to a recent Globe and Mail article which references Statistics Canada numbers, «the total amount of debt held in households led by people aged 55 to 64 almost quadrupled between 1999 and 2012, while the level for the overall population did little more than double (these are inflation - adjusted numbers).