Personal Debt for Canadians

Fascinating article in the National Post this morning:

Here are the highlights:

Canadian household debt as a share of personal disposable income stood at a record 150.8% at the end of June this year (Source: Moodys')

But according a report last week in the Economist, Canada is one of nine countries where housing prices are overvalued by at least 25% and one of just four where prices are on par with those in the United States prior to the real estate collapse . (Source: national Post & The Economist)

And two images:

And this:

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