Skip to Content
Home > Residential > Canadian household debt is 'Defying Gravity'

Canadian household debt is 'Defying Gravity' popular

Household credit is "defying gravity," growing at the fastest pace of any recession since the Second World War when adjusted for inflation, a new report from CIBC World Markets shows. A booming real-estate market that has sent outstanding mortgages surging 7.8% year-over-year in August is the primary driver, accounting for almost 70% of the 7% increase in overall household credit.

Title of Report:

Canadian household debt is 'Defying Gravity'

Publisher:

CIBC World Markets

Publication Date:

2009-10-07

Report Description:

Household credit is "defying gravity," growing at the fastest pace of any recession since the Second World War when adjusted for inflation, a new report from CIBC World Markets shows. A booming real-estate market that has sent outstanding mortgages surging 7.8% year-over-year in August is the primary driver, accounting for almost 70% of the 7% increase in overall household credit.

Contact Person:

Email:

Post a comment