Bank of Canada sounds alarm on economic risk of high household debt amid soaring inflation Economy News 2022 economynews russiaukraine economy

#Bank of Canada sounds alarm on economic risk of high household debt amid soaring inflation #economy #economics #world, Economy News 2022

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With interest rates set to keep rising, the Bank of Canada is sounding the alarm on the risk record high house prices and an increasing number of households with high mortgage debt could have on the Canadian economy.

“In Canada, elevated levels of household debt and high house prices remain two key interconnected vulnerabilities,” the bank said in its annual Financial System Review.

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#Bank of Canada sounds alarm on economic risk of high household debt amid soaring inflation #wealth #future #politics #usa #realestate, Economy News 2022

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46 thoughts on “#Bank of Canada sounds alarm on economic risk of high household debt amid soaring inflation Economy News 2022, #economynews #russiaukraine #economy”
  1. Gee, who would have thought that 700 and 800 thousand dollar mortgages wouldn’t be affordable forever. They learned absolutely nothing from the 2008 housing bubble south of the border, or they just didn’t care. Blame the greed of the Banks and the individuals who have no idea what they can afford. That F you got in math is coming back to haunt you.

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