Perhaps this helps explain why some middle - income
households continue falling behind.
Not exact matches
In Canada, the growth in
household credit has
continued to slow and has
fallen broadly in line with growth in disposable income, and overall activity in the housing market has moderated.
Home prices
continue to rise and
household debt has
fallen by $ 833 billion since 2008.
Solid growth in the quarter reflected a strong increase in
household spending and the
continued upswing in business investment, while net external demand again subtracted from growth, reflecting a
fall in exports and
continued rapid import growth.
The strong growth in
household borrowing looks likely to
continue at least into the early months of 2004, with housing loan approvals remaining at a very high level, despite
falling in November for the first time in more than a year.
Should problems persist and
continue to attract media coverage, consumer confidence in housing will
fall, sending some
households to the sidelines.