{"id":735812,"date":"2026-06-14T08:21:33","date_gmt":"2026-06-14T08:21:33","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/735812\/"},"modified":"2026-06-14T08:21:33","modified_gmt":"2026-06-14T08:21:33","slug":"statistics-canada-reports-household-debt-outpaced-income-in-first-quarter-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/735812\/","title":{"rendered":"Statistics Canada reports household debt outpaced income in first quarter"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/0be36860938550c1b6566f9865f3ade6.jpeg\" alt=\"The Bank of Canada wording on a Canadian 50 dollar bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. THE CANADIAN PRESS\/Sean Kilpatrick - The Canadian Press\" loading=\"eager\" height=\"640\" width=\"960\" class=\"yf-lglytj  loaded\"\/> The Bank of Canada wording on a Canadian 50 dollar bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. THE CANADIAN PRESS\/Sean Kilpatrick &#8211; The Canadian Press  \u00b7 The Canadian Press    <\/p>\n<p class=\"yf-1fy9kyt\">OTTAWA \u2014 Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter.<\/p>\n<p class=\"yf-1fy9kyt\">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 class=\"yf-1fy9kyt\">In other words, there was roughly $1.80 in credit market debt for every dollar of household disposable income.<\/p>\n<p class=\"yf-1fy9kyt\">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 class=\"yf-1fy9kyt\">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 class=\"yf-1fy9kyt\">The move came as net originations of mortgage loans fell to $22.6 billion in the quarter, compared with $26.3 billion in the fourth quarter of last year, offset by increases in consumer credit and non-mortgage debt.<\/p>\n<p class=\"yf-1fy9kyt\">This report by The Canadian Press was first published June 12, 2026.<\/p>\n<p class=\"yf-1fy9kyt\">The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"The Bank of Canada wording on a Canadian 50 dollar bill is pictured in Ottawa on Wednesday, Jan.&hellip;\n","protected":false},"author":2,"featured_media":735813,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[52,45,49,48,74645,12344,46,76753,68408,50,944],"class_list":["post-735812","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bank-of-canada","tag-business","tag-ca","tag-canada","tag-credit-market","tag-disposable-income","tag-economy","tag-household-debt","tag-seasonally-adjusted","tag-statistics-canada","tag-the-canadian-press"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/735812","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=735812"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/735812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/735813"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=735812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=735812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=735812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}