Canada: Household debt service manageable despite house price surge

By 6th September 2016Uncategorised

As today’s Hot Charts show, that’s below 2007 levels despite home prices surging about 50% over the last nine years. That’s not to say one should be complacent about the risks posed by household debt. A disorderly deleveraging can never be ruled out should the labour market take a dive and the housing boom turn to bust.

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