Sentences with phrase «cent of household debt»

According to the Canadian Bankers Association, 69 per cent of household debt in Canada is made up of residential mortgage debt, while 18 per cent comes from lines of credit and five per cent is credit card debt.

According to the Canadian Bankers Association, 69 per cent of household debt in Canada is made up of residential mortgage debt, while 18 per cent comes from lines of credit and five per cent is credit card debt.

Not exact matches

• Credit card delinquency rates remain low, at only 0.87 per cent of total outstanding balances as of April 2016, while credit card debt only makes up five per cent of total household debt in Canada.

Earlier this year, the household debt - to - income ratio hit another record of 167.8 per cent.

BMO says 84.4 per cent of households headed by young people owe some form of debt, compared with 82 per cent of the same households in 1984.

Despite the increase in debt, households continued to get richer in the third quarter as their net worth gained 2.2 per cent on the back of a strong stock market.

Meanwhile, the total household debt service ratio, measured as total obligated payments of principal and interest as a proportion of household disposable income for both mortgage and non-mortgage debt, remained flat at 13.8 per cent in the fourth quarter.

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

Growth in household credit has remained relatively stable at around 5.5 per cent since the beginning of the year, a pace below the historical average (Chart 22), following an extended period of rapid growth that led to a substantial buildup in household debt.

Given the nation's debt load — as of February, households had a record $ 2.1 trillion of mortgage and non-mortgage debt — Poloz estimates the economy is 50 per cent more sensitive to rate hikes than in the past.

Debt payments now represent about 14 per cent of household disposable income, the highest share in three years.

Although it is less than 2 per cent of total household debt, growth in margin lending has accounted for over a fifth of the rise in banks» personal lending (excluding credit cards) since 1996.

Statistics Canada said household credit market debt as a proportion of household disposable income increased to 167.8 per cent, up from 166.6 per cent in the first quarter.

The ongoing accumulation of household debt has led to a further increase in the debt - servicing ratio; interest payments as a proportion of disposable income rose to 9.3 per cent in the September quarter (Graph 23), and are expected to rise further.

Overall, the ratio of household debt to the disposable income of households (excluding unincorporated enterprises) has risen by 12 percentage points over the past two years to 94 per cent (Graph 16).

On the other side of the household balance sheet, the debt of the household sector has continued to grow rapidly, increasing by 14 1/2 per cent over the year to March.

Over the past decade, household debt in Australia has grown at an average annual rate of just under 15 per cent.

As a result, household gearing — the ratio of debt to assets — increased to around 15 per cent in the March quarter.

The debt - servicing ratio reached 7.6 per cent of household disposable income in the March quarter (Graph 22).

Over the year to February, credit to the household sector grew by 11 per cent, compared with growth in households» nominal income which has been running at around 5 per cent; much of the growth in debt has occurred in home mortgages.

Consequently, the household debt - servicing ratio reached 9.4 per cent of disposable income (Graph 26).

Revised data now suggest that the debt - servicing ratio reached 8.7 per cent of household disposable income in the September quarter, and it is likely to have surpassed its late - 1980s peak in the December quarter (Graph 27; see «Box B» for further discussion of the debt - servicing ratio).

The reason for their frustration is Poloz's unwillingness to raise interest rates to slow the accumulation of household debt, which now is about 170 per cent of disposable income.

About eight per cent of households owe 350 per cent of gross income, representing about 20 per cent of all debt, Poloz said.

Canadian household debt was 167 per cent of income in the second quarter, a level that the central bank considers a threat to financial stability because a wave of personal bankruptcies and home foreclosures could cripple the banking system.

Taking these facts into account, and allowing for the fact that households with debt have, on average, incomes about 30 per cent higher than the average for all households, interest and principal repayments probably account for something like 20 per cent of disposable income among those households who have debt.

Our estimate is that households currently pay about 2 1/2 per cent of income in required principal repayment, which brings their total debt servicing to 10 per cent of disposable income.

The report said, on average, CAP clients» outstanding debt equates to 96 per cent of annual household income when they seek help.

Right now, the average Canadian household spends about 14 per cent of its disposable income to pay down debt, including mortgage principal and interest.

But only a miniscule number of Canadians carry credit card debt — as of August 2015, it made up just five per cent of our overall household debt, according to the Canadian Bankers Association.

Statistics Canada said Wednesday the ratio of household credit market debt to adjusted disposable income crept up to 166.9 per cent in the third quarter, up from 166.4 per cent in the second quarter.

The household debt - to - income ratio now stands at 169.4, up 23 per cent from a decade ago, and on par with what the U.S. saw at the peak of its housing bubble.

The ratio of household debt - to - disposable income reached the highest on record in the third quarter, at 148.1 per cent, Statistics Canada said Monday, a 6.7 per cent rise in Canadian household obligations from a year ago.

In the fall, Canadian household debt reached 165 per cent of disposable income, and all signs point to that number rising in 2016.

But the level of household debt continues to rise, hitting 171.1 per cent of disposable income in the third quarter.

Since 1991, the report said the total financial obligations of households has broken down, on average, in the following way: mortgage debt has represented 63 per cent of all debt, consumer credit 29 per cent and other loans eight per cent.

The household debt service ratio, the obligated payments of principal and interest as a proportion of disposable income, was 13.8 per cent in the fourth quarter, compared with 13.5 per cent in the third quarter.

The report says 12 per cent of households are highly indebted — and they carry about 40 per cent of the country's overall household debt load.

The total amount of credit market debt — which includes mortgages, non-mortgage loans and consumer credit — held by Canadian households increased to 162.6 per cent of disposable income during the quarter, from a revised 161.5 per cent in the previous quarter.

The household debt - to - GDP ratio increased from almost 93 per cent to just over 101 per cent at the end of 2016, Statistics Canada says.

Statistics Canada said Friday that total household credit market debt, which includes consumer credit and mortgage and non-mortgage loans, increased 1.2 per cent to $ 1.923 trillion at the end of last year.

In the third quarter of 2017, the national household debt - to - disposable income ratio reached a record 171 per cent.

According to the article, which reviewed a recent Statistics Canada report, «the amount of household credit market debt rose to 167.3 per cent of adjusted household disposable income in the fourth quarter, up from 166.8 per cent in the third quarter.»

Yes, the Canadian housing market remains vulnerable to some weakness, and yes, more credit growth appears unsustainable for households that already have debt - to - income ratios of 170 per cent.

The most encouraging news was that households accumulated debt in the fourth quarter of last year at the slowest annualized pace since 2001, pushing the much - watched debt to disposable income ratio down two - tenths of a point to 164 per cent.

Heavily - indebted households — those with debts of at least 3.5 times their gross income — accounted for 8 per cent of all indebted households in 2012 - 14, up from 4 per cent before the 2008 - 09 global financial crisis.

One third of households led by people aged 55 to 64 still had a mortgage and 38 per cent had credit - card or instalment debt (basically a payment plan for purchasing an item).»

Earlier this year, the household debt - to - income ratio hit another record of 167.8 per cent.

About 12 per cent of Canadian households are considered to be extremely indebted — which means they have a debt - to - income ratio of at least 250 per cent.

Let's consider a scenario in which an average household making $ 150,000, with minimal debt and a deposit of 20 per cent or more, gets approved for a mortgage rate that is more than two percentage points below the current Bank of Canada five - year benchmark of 4.89 per cent.