The new face of insolvency: How a softening housing market is dragging Canadian homeowners under
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0.00 · CENTER
ML v2 (DistilBERT)
0.259 · RIGHT
Ensemble
0.130 · CENTER
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Article Excerpt
The new face of insolvency: How a softening housing market is dragging Canadian homeowners under
EDITORIAL
23 JUNE 2026
i
With one in seven dollars of household income now servicing debt, the escape valve that once protected indebted homeowners—rising equity—has slammed shut
EDITORIAL BOARD
ARTICLE
SUMMARY
KEY STATS
Canadian household credit market debt climbed to $3.25 trillion in the first quarter of 2026, up 4.4 percent year over year—the sixth consecutive quarter in which debt outpaced income growth. As Graeme Gordon reported, the debt-service ratio has reached 14.75 percent, meaning near…
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Jun 23, 2026