Sentences with phrase «cent of household disposable»
In the June quarter, the overall rise in housing - secured credit exceeded dwelling investment by the equivalent of 8 per cent of household disposable income, which is almost twice the average magnitude of housing equity withdrawal seen over the past two years (Graph 28).
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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).
This has encouraged housing equity withdrawal, which amounted to 6 per cent of household disposable income in the June quarter (Graph 10).
The debt - servicing ratio reached 7.6 per cent of household disposable income in the March quarter (Graph 22).
The tightening in monetary policy has, however, resulted in a rise in the interest payments of the household sector from around 6 per cent of household disposable income in the first half of 1999, to around 7 1/4 per cent in the March quarter (Graph 15).
Debt payments now represent about 14 per cent of household disposable income, the highest share in three years.
Not exact matches
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.
As a share of total household sector disposable income, the cash flow effect in this scenario is estimated be less than 0.2 per cent on average per annum over each of the next three years (Graph 7).
Growth in household disposable income picked up steadily over the past year, driven by solid employment growth, to be running at just under 6 per cent over the year to the June quarter, the highest rate of increase for almost three years.
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).
The ratio of household sector interest payments to disposable income has fallen steadily over the past year and is now below 6 per cent.
Moreover, in the September quarter, the expansion in housing - secured credit exceeded household dwelling investment by around 8 per cent of disposable income.
Consequently, the household debt - servicing ratio reached 9.4 per cent of disposable income (Graph 26).
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.
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.
Households, in turn, have today levels of financial burden in line with those observed in other European countries (25 per cent of disposable income in Spain, versus 28 per cent in France and 24 per cent in Germany).
Right now, the average Canadian household spends about 14 per cent of its disposable income to pay down debt, including mortgage principal and interest.
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 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.
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 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.
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.»
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.