{"id":732693,"date":"2026-06-12T20:26:23","date_gmt":"2026-06-12T20:26:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/732693\/"},"modified":"2026-06-12T20:26:23","modified_gmt":"2026-06-12T20:26:23","slug":"statistics-canada-reports-household-debt-outpaced-income-in-first-quarter","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/732693\/","title":{"rendered":"Statistics Canada reports household debt outpaced income in first quarter"},"content":{"rendered":"<p>OTTAWA \u2014 Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter.<\/p>\n<p>The agency says the seasonally adjusted ratio of household credit market debt as a proportion of household disposable rose 0.9 percentage points to 179.6 per cent in this first quarter of this year.<\/p>\n<p>In other words, there was roughly $1.80 in credit market debt for every dollar of household disposable income.<\/p>\n<p>The seasonally adjusted household debt service ratio \u2014 measured as total obligated payments of principal and interest on credit market debt as a proportion of household disposable income \u2014 was 14.75 per cent in the first quarter of 2026, up from 14.68 per cent in the fourth quarter of 2025.<\/p>\n<p>The pace of seasonally adjusted household credit market borrowing, which includes consumer credit and mortgage and non-mortgage loans, totalled $35.5 billion in the first quarter, up from $34.5 billion in the last quarter of 2025.<\/p>\n<p>The move came as net originations of mortgage loans fell $22.6 billion in the quarter, compared with $26.3 million in the fourth quarter of last year, offset by increases in consumer credit and non-mortgage debt.<\/p>\n<p>\t\tKeep it Factual<\/p>\n<p>Add CityNews Calgary as a trusted source on Google to see more local stories from us.<\/p>\n<p>\t\t<a href=\"https:\/\/www.google.com\/preferences\/source?q=calgary.citynews.ca\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n\t\t<img loading=\"lazy\" decoding=\"async\" class=\"add-trusted-source-badge\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/1778182273_786_google-trusted-badge.png\" alt=\"Add as a preferred source on Google\" width=\"198\" height=\"63\"\/><br \/>\n\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"OTTAWA \u2014 Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter. The&hellip;\n","protected":false},"author":2,"featured_media":732694,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-732693","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/732693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=732693"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/732693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/732694"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=732693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=732693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=732693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}