假猫创建假经济模型忽悠肉联呗。Statistics Canada明明给出了定义，假猫依然做假故意忽悠：“that ratio recently passed the 150% figure (Statistics Canada 2011). This means that,
-gumi(谷米);
2017-12-27{85}(#11259198@0)+5
in aggregate, households owed more than $1.50 for every dollar of disposable income”
If you plan to purchase two condo units for kid, then you should have done it two years ago when condo price was flat before it starts to jump this year
-guojiefan(guojiefan);
2017-12-27(#11259414@0)
downtown condo price might go down the second half of next year, however, it won`t go down to early 2016 price
-guojiefan(guojiefan);
2017-12-27(#11259450@0)
If I know you, probably I would report to CRA that most of your asset is at oversea, you didn`t declare you have over 100k oversea asset.
-guojiefan(guojiefan);
2017-12-27(#11259505@0)
Majority of your asset is at oversea,
-guojiefan(guojiefan);
2017-12-27{239}(#11259487@0)
that is same for lots of new immigrants. New immigrant comes with money, and they don`t bring all money when land. They also have oversea income or asset. Now you know why our debt-to-income ratio is high. Too many new immigrants like you!
Now you know why Canada debt-to-income ratio is high. Too many new immigrants like you!
-guojiefan(guojiefan);
2017-12-27(#11259489@0)
For some cases, it is possible, however for the average family, if income can`t cover the debt payment, then should declare bankruptcy. None of people I know is in that situation.
-guojiefan(guojiefan);
2017-12-27(#11259525@0)
Again , that is the individual case, not average. If we are talking about normal case, most likely case, not the fat tail, then it is not possible, otherwise , whole nation should declare bankruptcy.
-guojiefan(guojiefan);
2017-12-27(#11259537@0)
How statistics Canada measure new immigrant family `s debt-income ratio？
Big 5 banks used to provide 35% downpayment lending program without income requirment for new immigrant
-guojiefan(guojiefan);
2017-12-27(#11259494@0)
My point is debt to income ratio is complex measurement, Statistic Canada data is not comprehensive enough, no oversea income, no oversea asset.
-guojiefan(guojiefan);
2017-12-27(#11259531@0)
Please look at this OECD data, Sweden,Ireland,Switzland,Australia,Norway,Netherland and Denmark are all higher than Canada!
-guojiefan(guojiefan);
2017-12-27(#11259552@0)
However, while household debt in Canada has grown in recent years,
and generated some alarm in public-policy circles, it is important to look at the issue in
an objective fashion that goes beyond simply exhortations of alarm
-guojiefan(guojiefan);
2017-12-27(#11259585@0)
As one study notes
about the frequent alarm raised by household debt: “If the headline that ‘household
debt has hit a record level’ seems familiar, it is because it has been true for every year
but one over the last half century”
-guojiefan(guojiefan);
2017-12-27(#11259587@0)
If you use household debt this indicator for real estate investment, good luck, as this keep hitting a record level for every year but one over the last 50 years.
-guojiefan(guojiefan);
2017-12-27(#11259707@0)
Debt has been a long-term feature
in human economic history as a tool to facilitate commerce
-guojiefan(guojiefan);
2017-12-27(#11259589@0)
Ultimately, it is not debt
itself that should be of concern but the ability of both households (and government) to
manage their debt responsibly
-guojiefan(guojiefan);
2017-12-27(#11259591@0)