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September 2020

Market and Lot Value Report

Last week the household debt ratio fell from 175.4% to 158.2%. For years, Canada’s economic policy makers pointed to this ratio as a key indicator of our country’s financial health. Now, amidst a global pandemic, near Great Recession levels of unemployment, and widespread financial uncertainty, we’re being told this is a positive sign. And while the numbers on paper might spark optimism, a quick peek into the real world tells a very different story.

Canadian households owe $1.58 for every dollar of after-tax income to creditors. This is down from $1.75 in Q1. This decrease is due to ...

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