Sentences with phrase «households debt loads»

For Canadian households debt loads rose faster than incomes, which may be a reaction to lower interest rates.

If there's one word that defines the Canadian economy at the moment, it's uncertainty — what with the shaky housing market, towering household debt loads and, of course, a certain orange - hued world leader rattling the sabre of trade wars.

For borrowers with very high mortgage and household debt loads, extending out the amortization period may reduce their monthly payments enough to make it possible for them to qualify for this rescue product and save their homes.

One has to wonder if the projections are overly ambitious considering the average household debt load in Canada, including mortgage, credit card, line of credit and loan debt, is $ 112,329.

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 Bank recently released an explainer video that described, in simple terms, how fast rising prices and bloated household debt loads could combine to seriously damage the economy.

Not exact matches

All sectors recorded an increase in debt loading from the end of 2016, lifting by $ 4.5 trillion, $ 6.5 trillion, $ 4.5 trillion and $ 5.5 trillion respectively for households, non-financial corporates, governments and the financial sector.

Consumer purchases have been slowing down in recent months as households face higher costs for borrowing, stricter mortgage rules and large debt loads.

And when you remove debt - free households from the equation — people with either no debt or no credit to speak of — the average debt load was more than double that, at $ 15,609.

Canadian households are carrying near - record debt loads, and we are growing increasingly concerned about risks in some housing markets.

It would not be surprising if the household sector had become more sensitive to news about interest rates, given the increased debt and debt servicing loads that it is now carrying.

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.

In addition, it can encourage consumers to add to their debt load, which could put stress on Canadian households, at a time when they are carrying record amounts of debt.

Though student debtor households tend to have larger total debt loads, indebtedness needs to be assessed in the context of the household's economic resources.

In 2016, 38 percent of American households carried an average credit card debt of $ 16,061, and holiday debt adds, on average, about $ 1,000 to that debt load.

The bloated debt loads of Canadian households has become a pervasive topic in media.

Higher prices are also increasing the pressures on households whose incomes continue to stagnate and who continue to struggle with debt loads.

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.

At the same time, our collective debt load continues to rise as America's household borrowing recently reached $ 12.1 trillion.

Of those expecting a refund for the 2013 tax year, 37 % plan to use the money to pay household bills and / or reduce their overall debt load, BMO found.

According to the Canadian mortgage rules, the total debt load for a month should be less than 40 % of the household income.

Though student debtor households tend to have larger total debt loads, indebtedness needs to be assessed in the context of the household's economic resources.

About four - in - ten U.S. households (37 %) headed by an adult younger than 40 currently have some student debt — the highest share on record, with the median outstanding student debt load standing at about $ 13, ooo.

NY Fed: Household debt rise marks a «turning point» — Households increased their debt load in the third quarter by the largest amount since early 2008, according to the Federal Reserve Bank of New York... (See Fed report: Borrowing returns)

«Even factoring in the higher student debt loads that are inhibiting young adults from forming their own households as they finally land jobs, this country hasn't seen a household formation rate this low since World War II.»

If yours is too high, it suggests that you're reaching beyond your ability to repay the loan: You've got too heavy a monthly debt load and not enough household income.