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Canadian household debt ratio hits record high.

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Posted in Regina real estate, Canada's household debt hits record high of 165.2%.

BMO Capital Markets says the upward trend in household debt goes back for the 26 years for which it has records and is showing no signs of slowing down.

 

Canadian household debt ratios hit a record high over the spring, according to new figures released Thursday by Statistics Canada.

The ratio of household credit market debt to disposable income rose from 165.2 per cent in the first quarter of the year to 167.6 per cent in the second quarter. 

That means households held $1.68 in credit market debt for every dollar of disposable income, Statistics Canada said.

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