CMHC Finds Toronto And Vancouver Mortgage Debt Ratios Fall, But Not As It Seems

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Canadian mortgage debt indicators are looking better, but the state-owned housing agency is putting a big asterisk beside them. Canada Mortgage and Housing Corporation (CMHC) data shows the mortgage debt to income ratio made a sharp drop in Q2 2020. Typically this would mean households had a sudden windfall, and can suddenly handle their debt a lot better. Unfortunately, that’s not the case. This has to do with the impact recent government transfers have had on these ratios.

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