Comments on: Canadian Households Spend More Income On Debt Than Any Other G7 Country: BIS

By: Han Thanh

Han Thanh — Mon, 20 Sep 2021 18:08:49 +0000

In reply to Dan. I find more and more people have a hard time deciphering the point, and fail to realize Canada is the only country that didn't lever down it's households as interest rates dropped 8 points from 2008, they got them to borrow more and more.

By: Cto

Cto — Sun, 19 Sep 2021 13:04:17 +0000

Very scarry graph, especially when we know wages everywhere have to drop to compete in the world economy.
CENTRAL BANKS in West have artificially suppressed RATES to continue the illusion of 1st world living standards but all it did was blow hard assets (housing$) to the stratosphere and put canadian debt servicing costs super-high thus much higher wages needed. This will be a disaster for my kids, or anyone under 40. If you want look for blame, start with the BOC.

By: Cto

Cto — Sun, 19 Sep 2021 13:02:49 +0000

In reply to D. Very scarry graph, especially when we know wages everywhere have to drop to compete in the world economy. CENTRAL BANKS in West have artificially suppressed wages to continue the illusion of 1st world living standards but all it did was blow hard assets (housing$) to the stratosphere and put canadian debt servicing costs super-high thus much higher wages needed. This will be a disaster for my kids, or anyone under 40. If you want look for blame, start with the BOC.

By: Average Man

Average Man — Sat, 18 Sep 2021 02:19:27 +0000

In reply to Hannah Goodman. It's weird when I talk to my friends in the US. Even the ones in big cities. People don't talk about real estate constantly. Real estate in this country, and especially in Southern Ontario, has made people goddamn nuts

By: Lopez

Lopez — Sat, 18 Sep 2021 01:53:28 +0000

The stats are skewed as they include all income brackets. If you eliminate the top 20%, the ratio would be atrocious. There were some prior articles not long ago about the saving rate etc skewed to the top. I think the bottom 50% is in dire trouble given the inflation, economy of life support and the unknown future. This are about to get MUCH worst. If JT gets back in, watch out. We may all be emigrating to Mexico!

By: dave

dave — Sat, 18 Sep 2021 01:34:29 +0000

In reply to Derek. exactly. no future for the children in this country. either a govt job or leave for the USA. I work in IT at an exec level...salaries are 40% less vs USA

By: Derek

Derek — Sat, 18 Sep 2021 00:18:26 +0000

In reply to Hannah Goodman. Agreed!

By: Dan

Dan — Fri, 17 Sep 2021 22:30:10 +0000

I find more and more this site is just running headlines. Look at the graph, in the early 2000s we also had the highest %. So are we in a bubble, were we in a bubble, what does a bubble look like? Sales down, whoa. SLNL down, whoa. Prices up, ahhh whoa. Debt levels high, whoa. It’s like I’m watching an episode of ‘blossom’ and joey is stephen. Lol.

By: ism

ism — Fri, 17 Sep 2021 20:25:12 +0000

Why no one is talking about the elephant in the room, the Evergrade fallout and it’s impact on Canadian real estate?

By: LM

LM — Fri, 17 Sep 2021 19:56:08 +0000

It’s national obsession. Poor or rich you have to buy any type of real estate in here. No one cares if you can’t afford it.