Canada’s household debt is now highest in the G7

International

Getty ImagesBy Nadine YousifBBC News, TorontoHousehold debt in Canada is now the highest of any G7 country, according to data by the country’s housing agency.The amount owed by Canadian households is also higher than the country’s entire GDP. The Canada Mortgage and Housing Corporation said high home prices are to blame for the ballooning debt….

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Timber to the Extreme: The Intersection of Resiliency and Sustainability in the Performance of Timber Structures under Extreme Hazards
National Flood Insurance Program is safe for now (45 days)
Widman’s Market Update, September 27, 2023
Number of 5,000+ Square Foot Homes Down in 2022 | Eye On Housing
Why are mortgage rates surging?