Canadian household debt

Happy rainy Monday Montrealers. Today, an article in the Montreal Gazette caught my eye entailed "Household debt worries ease as mortgage borrowing slows in May: RBC." The RBC states that Canadian homeowners have been slowing down on the amount of mortgage debt that is assumed. Yes debt-load and market values are critical indices in Canada and I have no doubt that we're taking on less debt but I don't think it's because we are smarter consumers.

Are we managing our household debts better?
Picture: Huffington Post & Alamy Photo 

Perhaps Canadian homeowners are "hitting a wall" when it comes to assuming more debt and mortgages. This is an income issue. I am sure that if wages went up then Canadians would most likely assume more debt as well.

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