Comments on: Canadian Household Debt To Income Ties Record, Bigger Economic Drag This Time https://betterdwelling.com/canadian-household-debt-to-income-ties-record-bigger-economic-drag-this-time/ Canada’s Fastest Growing Real Estate News Source Fri, 17 Jun 2022 01:57:48 +0000 hourly 1 By: DonCarlos https://betterdwelling.com/canadian-household-debt-to-income-ties-record-bigger-economic-drag-this-time/#comment-83780 Fri, 17 Jun 2022 01:57:48 +0000 https://betterdwelling.com/?p=20931#comment-83780 I honestly don’t know how people do it. I took out a HELOC to consolidate some debt at a cheaper rate and give us some flexibility to handle some renos. A round of renos goosed my debt to income ratio too high for my tastes. Currently sitting at 62%. I hate being over 50%.

]]> By: Jinx https://betterdwelling.com/canadian-household-debt-to-income-ties-record-bigger-economic-drag-this-time/#comment-83754 Thu, 16 Jun 2022 11:35:14 +0000 https://betterdwelling.com/?p=20931#comment-83754 In reply to Jim.

They will be staying put for a very long time.

]]> By: Dan https://betterdwelling.com/canadian-household-debt-to-income-ties-record-bigger-economic-drag-this-time/#comment-83722 Tue, 14 Jun 2022 14:38:01 +0000 https://betterdwelling.com/?p=20931#comment-83722 Let it crash. those who overextended their debt to income ratio can go back to high school to learn basic math.

]]> By: Jim https://betterdwelling.com/canadian-household-debt-to-income-ties-record-bigger-economic-drag-this-time/#comment-83721 Tue, 14 Jun 2022 13:15:29 +0000 https://betterdwelling.com/?p=20931#comment-83721 This time its real. Interest rates drive the market. Inflation drives interest rates.
On the one hand, if you’ve bought want you can afford, and like where you live; stay put.
On the other hand, its too late to sell now if you’ve bought in the last 2 years.

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