As a business owner, you’re regularly managing and balancing debt-to-income. As a job seeker, you may be considering a new city to find work but questioning the lifestyle you can live there. And as a human being, it’s natural to be curious where you stand compared to others. This eye-opening infographic recently released by Stats Canada answers those questions for you, and provides some incredible insight to our country’s debt situation.
In the last 10 years, debt-to-income ratios across the country have continued to rise in comparison to our neighbours’ to the south where they are declining. Furthermore, we can see that debt-to-income rations are relatively high for those at the bottom of the income distribution in Census Metropolitan Areas (CMAs) where housing prices have increased.
If you’re interested in learning more, all of the details are summarized below and you can see specific numbers and information here.