[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]Statistics Canada added that annual trends show that lower income households tended to have a higher debt to disposable income ratio.Overall, it says credit market debt totalled $2.33 trillion at the end of the quarter including $1.53 trillion in mortgage debt and $802.1 billion in consumer credit and non-mortgage loans.The household debt service ratio — measured as total obligated payments of principal and interest on credit market debt as a proportion of household disposable income — fell to 14.67 per cent from 14.81 per cent..
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