Household Debt-to-Income Ratio, USA vs Canada

I have been meaning to get to this since I was in Toronto last week, where I saw my friend (and fishing partner) Martin Barnes of BCA give an excellent presentation at the Toronto CFA Prediction Dinner. One of that charts that really stood out to me was the one above. You cans ee how as the housing boom deflated the debt to income ratio fell 30% or so in the US. But in Canada, there was no such day of reckoning, and that ratio diverged from the USA’s and is now above 160%.

via Household Debt-to-Income Ratio, USA vs Canada | The Big Picture.

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