Canadian Household debt outpaced income so far this year

[shockedcanadian]

Those who continue mock me for my "collapse" claim, imagine debt outpacing citizens income. I am just one Exhibit of many. Clearly the citizens are struggling and our oligopolies, police state caste enforcers and oligarchs do not feel the suffering so they will watch the collapse from their private planes and plate of caviar. "The corrupt security industrial complex can do as they please as long as they leave ME alone".

The place is collapsing, as all police states eventually do. From CSIS on down, I tried to warn them of the impending consequences. History is batting .1000, one can easily prognosticate based on the perfection of that which has already passed.

The smart ones got out a long time ago. I wish I had been smart enough to not be fooled by patriotism for a constructed mirage. I must be one of the dumbest shytes ever born.

If America wants to win they need to learn from those who have already taken the full course since birth. A lifetime of instruction provides wisdom that some of us bestow upon you as our own star fades.

Household debt outpaced income so far this year

Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter.

www.ctvnews.ca

OTTAWA — Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter.

The agency says the seasonally adjusted ratio of household credit market debt as a proportion of household disposable rose 0.9 percentage points to 179.6 per cent in this first quarter of this year.

In other words, there was roughly $1.80 in credit market debt for every dollar of household disposable income.

The seasonally adjusted household debt service ratio — measured as total obligated payments of principal and interest on credit market debt as a proportion of household disposable income — was 14.75 per cent in the first quarter of 2026, up from 14.68 per cent in the fourth quarter of 2025.

The pace of seasonally adjusted household credit market borrowing, which includes consumer credit and mortgage and non-mortgage loans, totalled $35.5 billion in the first quarter, up from $34.5 billion in the last quarter of 2025.

The move came as net originations of mortgage loans fell $22.6 billion in the quarter, compared with $26.3 million in the fourth quarter of last year, offset by increases in consumer credit and non-mortgage debt.

 

[candycorn]

Those who continue mock me for my "collapse" claim, imagine debt outpacing citizens income. I am just one Exhibit of many. Clearly the citizens are struggling and our oligopolies, police state caste enforcers and oligarchs do not feel the suffering so they will watch the collapse from their private planes and plate of caviar. "The corrupt security industrial complex can do as they please as long as they leave ME alone".

The place is collapsing, as all police states eventually do. From CSIS on down, I tried to warn them of the impending consequences. History is batting .1000, one can easily prognosticate based on the perfection of that which has already passed.

The smart ones got out a long time ago. I wish I had been smart enough to not be fooled by patriotism for a constructed mirage. I must be one of the dumbest shytes ever born.

If America wants to win they need to learn from those who have already taken the full course since birth. A lifetime of instruction provides wisdom that some of us bestow upon you as our own star fades.

Household debt outpaced income so far this year

Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter.

www.ctvnews.ca

OTTAWA — Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter.

The agency says the seasonally adjusted ratio of household credit market debt as a proportion of household disposable rose 0.9 percentage points to 179.6 per cent in this first quarter of this year.

In other words, there was roughly $1.80 in credit market debt for every dollar of household disposable income.

The seasonally adjusted household debt service ratio — measured as total obligated payments of principal and interest on credit market debt as a proportion of household disposable income — was 14.75 per cent in the first quarter of 2026, up from 14.68 per cent in the fourth quarter of 2025.

The pace of seasonally adjusted household credit market borrowing, which includes consumer credit and mortgage and non-mortgage loans, totalled $35.5 billion in the first quarter, up from $34.5 billion in the last quarter of 2025.

The move came as net originations of mortgage loans fell $22.6 billion in the quarter, compared with $26.3 million in the fourth quarter of last year, offset by increases in consumer credit and non-mortgage debt.

Okay....so what should we do about the “collapse” that seems to be happening everywhere....

The floor is yours.

Go!

 

[shockedcanadian]

Okay....so what should we do about the “collapse” that seems to be happening everywhere....

The floor is yours.

Go!

What should you do to help us or what should Canada do to get out of it?

Market forces coupled with the decades of oppression that drove our best talent ensured our collapse. We are running an old caste, oligarch police state at a time in which the nations that maintain their best and brightest win.

Go look at productivity and innovation data, we are by far the worst in the G7 alone.

The outcome is assured. The changes needed would be drastic and would upset the police state. Why do you think we are not making a deal with the U.S for USMCA? The powers that be here and in the rest of the broader monarchy would rather be a big fish in a small pond. They would rather be the overlords of a 3rd World police state than relinquish power and allow liberty of its citizens.

In short, barring a radical approach and it may be forced upon us if Trump walks away from USMCA, Canada is in trouble. We may be forced to open up the nation if the U.S gives their six month notice to leave USMCA.

We do not even have free trade among fellow provinces! We have cooked the perfect recipe for failure in the 21st Century.

Space X cap is larger than our GDP. We destroyed ourselves, I experienced it first hand.

 

[candycorn]

What should you do to help us or what should Canada do to get out of it?

Market forces coupled with the decades of oppression that drove our best talent ensured our collapse. We are running an old caste, oligarch police state at a time in which the nations that maintain their best and brightest win.

Go look at productivity and innovation data, we are by far the worst in the G7 alone.

The outcome is assured. The changes needed would be drastic and would upset the police state. Why do you think we are not making a deal with the U.S for USMCA? The powers that be here and in the rest of the broader monarchy would rather be a big fish in a small pond. They would rather be the overlords of a 3rd World police state than relinquish power and allow liberty of its citizens.

In short, barring a radical approach and it may be forced upon us if Trump walks away from USMCA, Canada is in trouble. We may be forced to open up the nation if the U.S gives their six month notice to leave USMCA.

We do not even have free trade among fellow provinces! We have cooked the perfect recipe for failure in the 21st Century.

Space X cap is larger than our GDP. We destroyed ourselves, I experienced it first hand.

Wow sounds pretty hopeless. Perhaps spend less time on message boards complaining endlessley and work out a plan to leave or something.

 

[shockedcanadian]

Wow sounds pretty hopeless. Perhaps spend less time on message boards complaining endlessley and work out a plan to leave or something.

Naw. I am resigned to my fate. I just make sure that justice is achieved through the light of truth. I will leave revenge up to G-d.