Canada Q3 household debt-to-income ratio rises (again)

The ratio of Canadian household debt-to-income rose to 177.3% in the third quarter from 175.6% in the second quarter of 2021 according to a Statistics Canada report release Dec 10.

National net worth rose by 3.1% to $15.94 trillion or $416,893 on a per capita basis.

The increase came as household credit market debt rose 2.0 per cent, while household disposable income gained 1.7 per cent.

Piling on debt at a faster clip than the rate of our income growth eventually ends badly.