Statistics Canada reports that Canadian households carry more credit market debt than their disposable income, a pattern that continues for a sixth straight quarter. The agency says the seasonally adjusted ratio of household credit market debt to household disposable income rises by 0.9 percentage points in the first quarter of the year. That increases the ratio to 179.6%.
According to the reports, this means the growth in household borrowing outpaces growth in household income over the quarter. The data are presented as seasonally adjusted to account for regular seasonal patterns.
While the sources provide limited additional context beyond the change in the debt-to-income ratio, they consistently describe the same core finding: the debt burden relative to disposable income is not easing, and the ratio remains elevated at just under 180%. The figures are drawn from Statistics Canada’s household indicators released for the first quarter.
