Canadian Household Debt Hits Record

The latest figures from Statistics Canada show that leverage (measured by household credit market debt to disposable income) hit a record high of 163.7% in the 3rd quarter of 2015.

In other words, there was $1.64 in credit market debt for every dollar of disposable income. Disposable income increased at a slower pace (+0.8%) than household credit market debt (+1.4%).
Total household credit market debt (consumer credit, and mortgage and non-mortgage loans) reached $1,892 billion at the end of the third quarter, up 1.4% from the previous quarter. Consumer credit debt was $572.3 billion, while mortgage debt stood at $1,234 billion.