Debt Service Ratios Archives - Better Dwelling https://betterdwelling.com/tag/debt-service-ratios/ Canada’s Fastest Growing Real Estate News Source Tue, 07 Dec 2021 17:56:03 +0000 en-US hourly 1 https://i0.wp.com/betterdwelling.com/wp-content/uploads/2016/07/cropped-better-dwelling-flower-logo.png?fit=32%2C32&ssl=1 Debt Service Ratios Archives - Better Dwelling https://betterdwelling.com/tag/debt-service-ratios/ 32 32 64691831 Canadians Are More Indebted; Low Rates Did Not Improve Real Estate Affordability: BoC https://betterdwelling.com/canadians-are-more-indebted-low-rates-did-not-improve-real-estate-affordability-boc/ https://betterdwelling.com/canadians-are-more-indebted-low-rates-did-not-improve-real-estate-affordability-boc/#comments Tue, 07 Dec 2021 17:56:02 +0000 https://betterdwelling.com/?p=19021 After decades of telling the public that low rates make housing affordable, Canada’s central bank is declaring, whoops! Bank of Canada (BoC) research shows decades of low rates did not make housing affordable. In fact, it had the opposite effect — increasing the size of mortgage debt. Real estate markets absorbed the increased debt capacity […]

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]]> https://betterdwelling.com/canadians-are-more-indebted-low-rates-did-not-improve-real-estate-affordability-boc/feed/ 12 19021 Canadian Households Spend More Income On Debt Than Any Other G7 Country: BIS https://betterdwelling.com/canadian-households-spend-more-income-on-debt-than-any-other-g7-country-bis/ https://betterdwelling.com/canadian-households-spend-more-income-on-debt-than-any-other-g7-country-bis/#comments Fri, 17 Sep 2021 16:33:08 +0000 https://betterdwelling.com/?p=18151 Canadian households devote an astronomical amount of income just to carry their debt payments. Data from the Bank of International Settlements (BIS) shows Canadian households have a very high debt service ratio (DSR). The ratio dropped in Q4 2020 slightly, but it’s still much higher than any other G7 country. Not even the US housing […]

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