BoC: 8% of Canadian Households Owe More Than 20% of The $2.1 Trillion In Debt

In a speech this week, the BoC gave us further insights on the Canadian debt problem, and it’s worse than we thought. It turns out 8% of households have mortgage debt that’s more than 350% of their gross income. This segment of borrower represents “a bit more than 20 percent of total household debt.

The post BoC: 8% of <b>Canadian</b> Households Owe More Than 20% of The $2.1 Trillion In Debt appeared first on Consumer-Mortgage.

source http://consumer-mortgage.com/boc-8-of-canadian-households-owe-more-than-20-of-the-2-1-trillion-in-debt/