CMHC released their Q4 2018 report on mortgage and consumer credit trends. Maintaining our Canadian culture, The average mortgage loan value reached $209,570, a 3.1% jump from last year. This allowed household debt to continue growing quicker than incomes, and pushed the debt to income ratio to a record high 178.5% in the fourth quarter. […]
The post Vancouver Households Non Mortgage Debt Rises 11.5% in Q4 2018 appeared first on Steve Saretsky.