Canada has the highest household debt level in G7, housing agency warns

[curr3n_c1000]

Canada has the highest household debt level in G7, housing agency warns - National | Globalnews.ca

Canada's housing agency says the country has the highest level of household debt in the G7, making its economy vulnerable to a global economic crisis.

globalnews.ca

Canadian mortgage debt surges to $2.08T amid high inflation, interest rates - National | Globalnews.ca

However, the federal housing agency says in a new report that the rate of growth for mortgage debt slowed compared with recent years.

globalnews.ca

 

[angrymime666]

its going to continue to get worse.

Im bailing and going to live somewhere else where most of my income isnt taxed nearly as heavily and cost of living isnt nearly as high.

 

[dvous11]

its going to continue to get worse.

Im bailing and going to live somewhere else where most of my income isnt taxed nearly as heavily and cost of living isnt nearly as high.

Where are you considering?

 

[Adriel]

Where are you considering?

Middle east is a good option. Dubai, Doha etc., No taxes. You keep what you make.

This is why I wont buy a house. As long as I am single, I prefer to be a rich renter with no debt.

 

[glamphotographer]

Thanks to the Conservatives. Most provinces in Canada are run by Conservative premieres.

 

[angrymime666]

Where are you considering?

there are many countries that offer no tax on foreign income.

ideally a country where I can obtain citizenship, buy actual land, has favorable tax laws for foreign income, low cost of living, and good health care.

I will be visiting and evaluating countries such as uraguay, ,ecuador, columbia. some asian countries. non western countries.

 

[Soccersweeper]

Remember that Canada also has one of the highest wealth per capita ratios as well. That debt was used to buy assets that have increased in value. Which is one reason why so many people want to move here. Being the best is not cheap

 

[curr3n_c1000]

I was just informed in another thread not to worry. Our Government knows exactly what it's doing.

 

[Frankfooter]

Canada has the highest household debt level in G7, housing agency warns - National | Globalnews.ca

Canada's housing agency says the country has the highest level of household debt in the G7, making its economy vulnerable to a global economic crisis.

globalnews.ca

Canadian mortgage debt surges to $2.08T amid high inflation, interest rates - National | Globalnews.ca

However, the federal housing agency says in a new report that the rate of growth for mortgage debt slowed compared with recent years.

globalnews.ca

Isn't it just cuz housing is still increasing in value?

 

[Adam_hadam]

Canada has the highest household debt level in G7, housing agency warns - National | Globalnews.ca

Canada's housing agency says the country has the highest level of household debt in the G7, making its economy vulnerable to a global economic crisis.

globalnews.ca

Canadian mortgage debt surges to $2.08T amid high inflation, interest rates - National | Globalnews.ca

However, the federal housing agency says in a new report that the rate of growth for mortgage debt slowed compared with recent years.

globalnews.ca

Stop using global as a point of reference, next thing you'll be quoting Colin (the nonstop whiner) demello. Can't stand him.