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Residential Market Commentary - week of September 19, 2016

(September 21, 2016)

The record breaking debt load being carried by Canadian households hit another high. In a week that produced several surprising numbers the second quarter tally of debt to household income stole the show. Canadian households now owe $1.68 for every dollar of disposable income. It is an all time high that totals more than $1.97 trillion and now exceeds the country's GDP. Of the total, $1.3 trillion... read more.