Friday, January 30th-0.2°C
24779
24890

Both mortgage and consumer credit debt increased in Q4, says StatsCan

OTTAWA - Statistics Canada says mortgage and consumer credit debt were both up at the end of the fourth quarter of 2013.

The agency says mortgage debt stood at just over $1.1 trillion, up 1.1 per cent over the previous quarter.

It says consumer credit debt reached $508 billion at quarter end, up 0.5 per cent over the third quarter.

Leverage, measured by household credit market debt to disposable income, edged down to 164 per cent from 164.2 per cent in the third quarter.

The household debt service ratio, defined as household mortgage and non-mortgage interest paid divided by disposable income, remained at a record low.

Owner's equity as a percentage of real estate was 69.5 per cent at the end of the quarter, marginally higher than the 69.4 per cent recorded at the end of the previous quarter.

The Canadian Press


Read more Business News

24813


Recent Trending




Today's Market
S&P TSX14628.03-7.93
S&P CDNX669.38+2.27
DJIA17327.58-89.27
Nasdaq4667.851-15.556
S&P 5002008.86-12.39
CDN Dollar0.7847-0.0076
Gold1286.60-5.10
Oil46.82+0.38
Lumber322.70+0.90
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.400.00
Cantex0.04+0.005
Anavex Life Sciences0.182+0.002
Metalex Ventures0.045+0.005
Russel Metals23.80+0.22
Copper Mountain Mining1.00+0.02
Colorado Resources0.145-0.005
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.050.00
Mission Ready Services0.2350.00

 



24497

FEATURED Property
21250142 Bedroom, 1 bathroom single wide with workshop
$49,850
more details
image2image2image2
Click here to feature your property
Please wait... loading


Leaving a job: changing careers

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the directio...


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...

_








Member of BC Press Council


23646