Sentences with phrase «high household debt levels»

At a time when Canadians are grappling with historically high household debt levels — upwards of 163 per cent according to Statistics Canada — young adults are feeling insecure about their knowledge of the financial implications of homeownership.

The market has been hit by a confluence of policies: Ontario's Fair Housing Policy, including a foreign buyers» tax aimed at cooling the market; a new mortgage stress test targeted at protecting Canadians from dangerously high household debt levels; and the Bank of Canada's moves to increase interest rates.

Could be high household debt levels, BMO said.

At the same time, it warned risks remain elevated, particularly high household debt levels, and measures to rein in loans to the most highly indebted households will take time to work.

Not exact matches

«Canadian policy - makers have allowed household debt to rise above the disturbingly high levels reached in the U.S. in 2007, raising the risk of a similar potentially disastrous deleveraging down the road,» Madani wrote.

So just how are mortgage delinquency rates so incredibly low at a time when household debt levels relative to incomes have never been higher?

«Domestically, the household debt level is quite high,» said Wong, a member of the opposition Parti Keadilan Rakyat (PKR).

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.

His comments come after the IMF in October said that Canada's high debt levels, and higher - than - average pressure on Canadian households» ability to pay down that debt in the private non-financial sector, leaves its economy more sensitive to tighter financial conditions and weaker economic activity.

The central bank has concerns about the ability of households to keep paying down their high levels of debt when interest rates continue their rise, as is widely expected over the coming months.

Any number of shocks could send Canada's house of cards tumbling, the bank says, particularly higher borrowing costs that pinches households already carrying record high levels of debt.

So, in summary these are some of the themes we might expect to see in the next chapter — the impact of technology and the growth of Asia; the normalisation of monetary conditions; the effects of higher levels of household debt; and the capability of our workforce and businesses to be flexible, innovative and adaptable.

The third question we have focused on over recent times is the implications of the high and rising level of household debt.

To date, households have been coping reasonably well with the higher debt levels.

I believe that Canada's high house prices in relation to incomes, combined with record household debt levels and overinvestment in residential construction, will cause a severe correction in the real estate market.

The low level of interest rates means that even though debt levels are higher, the share of household income devoted to paying mortgage interest is lower than it has been for some time.

This brings me to a third plot line: that is, how we deal with the higher level of household debt and higher housing prices, especially in a world of more normal interest rates.

Risks associated with the Consumer Discretionary sector include, among others, apparel price deflation due to low - cost entries, high inventory levels and pressure from e-commerce players; reduction in traditional advertising dollars; increasing household debt levels that could limit consumer appetite for discretionary purchases; declining consumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer sentiment.

At the heart of this uncertainty is the high level of household debt.

In a low - inflation environment, nominal interest rates are also low, and households are able to service much higher levels of debt than they could in the past.

«However, historically high levels of household debt and low wage growth will offset some of the positive impact of recent strong employment data, so consumers are likely to remain cautious.»

In the case of the household sector, both Mr. Flaherty and the Governor of the Bank of Canada are warning Canadians about their high debt levels and urging them to curtail their consumption and to reduce their debt.

The PBO identified four key downside risks to the private sector forecast: global growth, especially in the U.S. could be slower than anticipated; the appreciation of the Canadian dollar could adversely affect exports; sovereign debt issues in Europe could restrain recovery there and put upward pressure on global interest rates; and the high level of household debt in Canada could restrain domestic demand.

This he presents unequivocally as good news, since it suggests an easing of high, mortgage - driven household debt levels that have been among Carney's more acute longstanding concerns about the Canadian economy.

One reason for trying to understand this complex picture is that the level of household debt is relatively high.

«Major declines in house prices and the continuing high level of unemployment are reflected in the various measures of household debt and credit.

«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.

Low oil prices have taken their toll on an already weak Canadian economy, where household debt levels are at record highs and business investment continues to lag.

The Canadian consumer, meanwhile, might be benefiting from somewhat cheaper gasoline, but their spending capacity is stretched thanks to a record high level of household debt.

Nonetheless, the higher debt levels suggest that households may have become more vulnerable to unforeseen falls in house prices or changes in household cash flow.

Though it boosts the economy in the short term, high levels of household debt add pressure on the economy in the long run, as households are forced to cut spending in order to repay their debt.

In other words, are households that can afford to meet their debt - servicing requirement likely to change their behaviour in other ways now that they have a higher debt level than formerly?

Compare two households — one in 1993 and the other in 2003 — that have the same percentage of their income used in debt service, and have the same gearing ratio (level of debt as a percentage of value of house), but with the 2003 household having a debt level nearly twice as high as the 1993 household.

We had among the most leveraged banks of any country, a house price boom as large as America's or Spain's, and higher levels of household debt than any other country in the world.

It led to the highest level of household debt in relation to income in the world.

With national household credit card debt at historically high levels, it may not seem prudent to discuss the notion of using your credit card to pay your bills.

«Households with relatively high incomes, couples with children, and people living in growing regions tend to cause overall debt levels to rise,» says Roger Sauvé, a demographer at People Patterns Consulting.

The possibility of an increase in the prime rate offered by lenders comes as household debt levels sit near record highs.

So just how are mortgage delinquency rates so incredibly low at a time when household debt levels relative to incomes have never been higher?

The high level of Canadian household debt has been cited by the Bank of Canada for years as one of its top concerns.

On Tuesday, the budget office highlighted findings from 2012 Bank of Canada research that revealed that households headed by an individual aged 31 to 35 years old held the highest levels of debt.

«High and rising household debt - to - income levels leave both borrowers and lenders vulnerable to an economic downturn, despite strong consumer credit quality metrics to date,» reads the report.

Nearly 7 million Americans have gone at least a year without making a payment on their federal student loans, a high level of default that suggests a widening swath of households are unable or unwilling to pay back their school debt.

The Bank of Canada has concerns about the ability of households to keep paying down their high levels of debt when interest rates continue their...

Our household debt and home prices keep trending to unnervingly higher levels.»

Earlier this month, the International Monetary Fund warned in its Global Financial Stability report of Canada's high debt levels and higher - than - average pressure on Canadian households» ability to pay down that debt.

According to a study by ACA International, the level of credit card debt per household is still very high.

Recent studies show household debt levels at all time highs, and increasing.

Similarly, a study from 2013 conducted at Northwestern University found that those who had high debt relative to household assets, reported higher levels of stress, depression, and poor self - reported general health.

High levels of government and household debt, heightened interest rate sensitivity, unfavorable demographic trends, weakened financial systems and complex global and financial inter-linkages mean that heightened macroeconomic volatility will almost certainly be a fact of life in coming years and decades.