Look homeward and note increases, quarter after quarter after quarter. More numbers: the Canadian household debt service ratio sits now at just a hair under 15 per cent. Increases in debt repayment as a percentage of disposable income are the inevitable result of higher interest rates. The most vulnerable are those at the high end of indebted households, owing 350 to 450 per cent of their gross income. The mortgage stress test was designed to improve the resilience of new household debt.

Source: thestar March 17, 2019 21:00 UTC