Saturday, April 25th6.9°C
25349
24733

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

24947


Recent Trending




Today's Market
S&P TSX15408.33+15.98
S&P CDNX697.70-1.78
DJIA18080.14+21.45
Nasdaq5092.08+36.02
S&P 5002117.69+4.76
CDN Dollar0.8210+0.0002
Gold1175.20-17.60
Oil55.50-0.88
Lumber258.50+3.90
Natural Gas2.531+0.002

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.38+0.00
Cantex0.035+0.005
Anavex Life Sciences0.43+0.01
Metalex Ventures0.095+0.000
Russel Metals27.16+0.41
Copper Mountain Mining1.15+0.06
Colorado Resources0.095+0.000
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.20+0.00
Decisive Dividend Corporation1.80+0.10

 



25790

FEATURED Property
22589515321 Chute Lake Road
5 bedrooms 4 baths
$739,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...

_



26091

25289


Member of BC Press Council


24843