Sentences with phrase «historically high household»
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.
http://www.rahb.ca/ Not exact matches
Another worry, recently highlighted by the International Monetary Fund, is historically high Canadian household debt compared to incomes.
«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.»
Historically whenever global demand is weak, and unemployment high, countries will try to gain a larger share of that demand by reducing wages or otherwise taxing households to subsidize production (devaluing the currency is just a way to tax the consumption of imports and to subsidize exporters).
Home buyers today have historically high levels of house - purchasing power, and that's one important reason why, even as unadjusted house price growth exceeds household income growth, the talk of an affordability crisis is over-stated for now.»
And, despite historically low interest rates, affordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stubbornly high.
Consumer confidence remains at historically high levels, household income growth remains robust and the level of household wealth relative to current incomes is still high, even given the recent developments in the share market.
Strong labour markets and historically low borrowing costs have allowed Canada's households to amass one of the highest debt - to - income ratios in the developed 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.
The strong expansion of household spending, encouraged by a prolonged period of historically low borrowing rates, has created concerns over Canadians» record - high debt loads.
The number of doubled - up households that contain additional adults living in the house or apartment, whether an adult child or unrelated roommate, is still at a historically high point.