{"id":1203,"date":"2022-09-15T13:30:00","date_gmt":"2022-09-15T20:30:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/debt-increase-household-credit-finance-realtor-rod-rhea-ryan-hayes-neighbourhood-interest-rates-increase-bank-mortgage-buying-power-inflation-downturn-historic-royal-lepage-2022-family\/"},"modified":"2026-04-08T09:23:32","modified_gmt":"2026-04-08T16:23:32","slug":"debt-increase-household-credit-finance-realtor-rod-rhea-ryan-hayes-neighbourhood-interest-rates-increase-bank-mortgage-buying-power-inflation-downturn-historic-royal-lepage-2022-family","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/debt-increase-household-credit-finance-realtor-rod-rhea-ryan-hayes-neighbourhood-interest-rates-increase-bank-mortgage-buying-power-inflation-downturn-historic-royal-lepage-2022-family\/","title":{"rendered":"Canadians are falling deeper into debt this year (via Venture)"},"content":{"rendered":"<p>New data from Statistics Canada reveals Canadians are falling further into debt this year.<\/p>\n<p>According to the national balance sheet released Monday, the household credit card debt to disposable income ratio rose to 181.7% in Q2 2022. This is up from 179.7% in Q1.<\/p>\n<p>In other words, the average Canadian now owes $1.82 for every dollar of household disposable income. It may not sound like a lot, but keep in mind this number is just the average.<\/p>\n<p>This should come as no surprise since Canada has broken a four-decade record with yearly inflation peaking at 7.7%.<\/p>\n<p>Stat Can says household credit market debt (consumer credit, and mortgage and non-mortgage loans) grew 2.1% to $2,760.3 billion in the second quarter. Canadian households added a near-record $56.3 billion of debt, while $48.7 billion of that was fuelled by mortgages.<\/p>\n<p style=\"text-align: center;\">&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/dailyhive.com\/vancouver\/canadian-debt-rising-statistics-canada\">For More Information: CLICK HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New data from Statistics Canada reveals Canadians are falling further into debt this year. According to the national balance sheet released Monday, the household credit card &hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1203","post","type-post","status-publish","format-standard","hentry","category-leisure"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/comments?post=1203"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1203\/revisions"}],"predecessor-version":[{"id":3014,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1203\/revisions\/3014"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}