An independent think tank dedicated to economic progress in Atlantic Canada.

Debt Vulnerability in Atlantic Canada

January 29, 2015

The latest APEC Report Card examines the vulnerability of Atlantic Canadians to higher interest rates. Overall debt service ratios – interest payments as a proportion of after-tax income – are lower in Atlantic Canada than nationally due to lower house prices and hence smaller mortgages in the region. For non-mortgage debt, households in Nova Scotia and Prince Edward Island have the highest debt service ratios in Canada while households in Newfoundland and Labrador have the lowest. Lower interest rates have reduced debt service ratios since 2009 but debt to income ratios remain near record levels across Canada.

Publication Files

January 29, 2015

Debt Vulnerability in Atlantic Canada

 

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