{"schema":"canada-in-data.prepared-answer.v2","generatedOn":"2026-09-05","revision":"c9882d908d7b8a0374fe7c7c93106506b8d47520df5814c21d767e74984d45cb","site":{"name":"Canada in Data","url":"https://www.canadaindata.ca","description":"Independent, citation-ready explanations built from official Statistics Canada data.","dataUpdatesUrl":"https://www.canadaindata.ca/updates","evidenceChangelogUrl":"https://www.canadaindata.ca/data-changelog.json"},"source":{"name":"Statistics Canada","licenceUrl":"https://www.statcan.gc.ca/en/terms-conditions/open-licence","observationStatusCodes":[{"code":0,"label":"none"},{"code":1,"label":"preliminary"},{"code":3,"label":"revised"}]},"interpretationPolicy":{"exactPreparedAnswersOnly":true,"causalClaims":false,"note":"Each index entry contains exact source observations and links to the matching human, Markdown, compact JSON, comparison, and official-table resources. Compact per-answer JSON also carries the revision-bound deterministic conclusion and calculation method."},"answer":{"id":"statcan-11100065-mortgage-debt-service-ratio-trend:CA","snapshotGeneratedOn":"2026-09-05","evidenceRevision":"c9882d908d7b8a0374fe7c7c93106506b8d47520df5814c21d767e74984d45cb","questionId":"statcan-11100065-mortgage-debt-service-ratio-trend","question":"How did the household mortgage debt service ratio (seasonally adjusted at annual rates) change in Canada?","subjectCode":"11","place":{"code":"CA","name":"Canada"},"selection":{"facets":[{"label":"Seasonal adjustment","value":"Seasonally adjusted at annual rates"},{"label":"Estimates","value":"Mortgage debt service ratio"},{"label":"Payment coverage","value":"Required mortgage principal and interest"},{"label":"Income denominator","value":"Household disposable income before interest payments"},{"label":"Geographic coverage","value":"Canada only"}],"members":[{"dimension":"Seasonal adjustment","name":"Seasonally adjusted at annual rates"},{"dimension":"Estimates","name":"Mortgage debt service ratio"}]},"context":{"facets":[{"label":"Seasonal adjustment","value":"Seasonally adjusted at annual rates"},{"label":"Estimates","value":"Mortgage debt service ratio"},{"label":"Payment coverage","value":"Required mortgage principal and interest"},{"label":"Income denominator","value":"Household disposable income before interest payments"},{"label":"Geographic coverage","value":"Canada only"}],"note":"Required mortgage debt payments are divided by household disposable income with interest payments added back. This is an aggregate household-sector ratio, not the average burden among borrowers or the amount of debt outstanding. The source reports a ratio on a percentage scale: 14.75 represents 14.75% of income."},"unit":"Ratio","scalar":"units","frequency":"Quarterly","periodStart":"1996-06-01","periodEnd":"2026-03-01","observationCount":120,"observations":[{"period":"1996-06-01","value":6.43,"decimals":2,"status":null,"symbolCode":0},{"period":"1996-09-01","value":6.39,"decimals":2,"status":null,"symbolCode":0},{"period":"1996-12-01","value":6.28,"decimals":2,"status":null,"symbolCode":0},{"period":"1997-03-01","value":6.19,"decimals":2,"status":null,"symbolCode":0},{"period":"1997-06-01","value":6.12,"decimals":2,"status":null,"symbolCode":0},{"period":"1997-09-01","value":5.95,"decimals":2,"status":null,"symbolCode":0},{"period":"1997-12-01","value":5.89,"decimals":2,"status":null,"symbolCode":0},{"period":"1998-03-01","value":5.94,"decimals":2,"status":null,"symbolCode":0},{"period":"1998-06-01","value":5.85,"decimals":2,"status":null,"symbolCode":0},{"period":"1998-09-01","value":5.85,"decimals":2,"status":null,"symbolCode":0},{"period":"1998-12-01","value":5.78,"decimals":2,"status":null,"symbolCode":0},{"period":"1999-03-01","value":5.59,"decimals":2,"status":null,"symbolCode":0},{"period":"1999-06-01","value":5.45,"decimals":2,"status":null,"symbolCode":0},{"period":"1999-09-01","value":5.43,"decimals":2,"status":null,"symbolCode":0},{"period":"1999-12-01","value":5.47,"decimals":2,"status":null,"symbolCode":0},{"period":"2000-03-01","value":5.5,"decimals":2,"status":null,"symbolCode":0},{"period":"2000-06-01","value":5.55,"decimals":2,"status":null,"symbolCode":0},{"period":"2000-09-01","value":5.48,"decimals":2,"status":null,"symbolCode":0},{"period":"2000-12-01","value":5.45,"decimals":2,"status":null,"symbolCode":0},{"period":"2001-03-01","value":5.28,"decimals":2,"status":null,"symbolCode":0},{"period":"2001-06-01","value":5.39,"decimals":2,"status":null,"symbolCode":0},{"period":"2001-09-01","value":5.27,"decimals":2,"status":null,"symbolCode":0},{"period":"2001-12-01","value":5.23,"decimals":2,"status":null,"symbolCode":0},{"period":"2002-03-01","value":5.24,"decimals":2,"status":null,"symbolCode":0},{"period":"2002-06-01","value":5.24,"decimals":2,"status":null,"symbolCode":0},{"period":"2002-09-01","value":5.22,"decimals":2,"status":null,"symbolCode":0},{"period":"2002-12-01","value":5.22,"decimals":2,"status":null,"symbolCode":0},{"period":"2003-03-01","value":5.23,"decimals":2,"status":null,"symbolCode":0},{"period":"2003-06-01","value":5.32,"decimals":2,"status":null,"symbolCode":0},{"period":"2003-09-01","value":5.35,"decimals":2,"status":null,"symbolCode":0},{"period":"2003-12-01","value":5.36,"decimals":2,"status":null,"symbolCode":0},{"period":"2004-03-01","value":5.33,"decimals":2,"status":null,"symbolCode":0},{"period":"2004-06-01","value":5.29,"decimals":2,"status":null,"symbolCode":0},{"period":"2004-09-01","value":5.31,"decimals":2,"status":null,"symbolCode":0},{"period":"2004-12-01","value":5.37,"decimals":2,"status":null,"symbolCode":0},{"period":"2005-03-01","value":5.5,"decimals":2,"status":null,"symbolCode":0},{"period":"2005-06-01","value":5.5,"decimals":2,"status":null,"symbolCode":0},{"period":"2005-09-01","value":5.56,"decimals":2,"status":null,"symbolCode":0},{"period":"2005-12-01","value":5.62,"decimals":2,"status":null,"symbolCode":0},{"period":"2006-03-01","value":5.56,"decimals":2,"status":null,"symbolCode":0},{"period":"2006-06-01","value":5.71,"decimals":2,"status":null,"symbolCode":0},{"period":"2006-09-01","value":5.72,"decimals":2,"status":null,"symbolCode":0},{"period":"2006-12-01","value":5.74,"decimals":2,"status":null,"symbolCode":0},{"period":"2007-03-01","value":5.82,"decimals":2,"status":null,"symbolCode":0},{"period":"2007-06-01","value":5.98,"decimals":2,"status":null,"symbolCode":0},{"period":"2007-09-01","value":6.13,"decimals":2,"status":null,"symbolCode":0},{"period":"2007-12-01","value":6.26,"decimals":2,"status":null,"symbolCode":0},{"period":"2008-03-01","value":6.21,"decimals":2,"status":null,"symbolCode":0},{"period":"2008-06-01","value":6.22,"decimals":2,"status":null,"symbolCode":0},{"period":"2008-09-01","value":6.2,"decimals":2,"status":null,"symbolCode":0},{"period":"2008-12-01","value":6.11,"decimals":2,"status":null,"symbolCode":0},{"period":"2009-03-01","value":6.2,"decimals":2,"status":null,"symbolCode":0},{"period":"2009-06-01","value":6.23,"decimals":2,"status":null,"symbolCode":0},{"period":"2009-09-01","value":6.18,"decimals":2,"status":null,"symbolCode":0},{"period":"2009-12-01","value":6.16,"decimals":2,"status":null,"symbolCode":0},{"period":"2010-03-01","value":6.09,"decimals":2,"status":null,"symbolCode":0},{"period":"2010-06-01","value":6.24,"decimals":2,"status":null,"symbolCode":0},{"period":"2010-09-01","value":6.23,"decimals":2,"status":null,"symbolCode":0},{"period":"2010-12-01","value":6.21,"decimals":2,"status":null,"symbolCode":0},{"period":"2011-03-01","value":6.25,"decimals":2,"status":null,"symbolCode":0},{"period":"2011-06-01","value":6.28,"decimals":2,"status":null,"symbolCode":0},{"period":"2011-09-01","value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service indicators of households, national balance sheet accounts","sourceUpdatedOn":"2026-06-12","sourceAcknowledgement":"Adapted from Statistics Canada, Debt service indicators of households, national balance sheet accounts, 2026-06-12. This does not constitute an endorsement by Statistics Canada of this product.","sourceUrl":"https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110006501","canonicalUrl":"https://www.canadaindata.ca/?place=ca&analysis=statcan-11100065-mortgage-debt-service-ratio-trend&subject=11","markdownUrl":"https://www.canadaindata.ca/answers/statcan-11100065-mortgage-debt-service-ratio-trend/ca.md","jsonUrl":"https://www.canadaindata.ca/answers/statcan-11100065-mortgage-debt-service-ratio-trend/ca.json","comparisonUrl":null},"analysis":{"conclusion":{"direction":"up","headline":"Household mortgage debt service ratio (seasonally adjusted at annual rates) increased in Canada.","summary":"Household mortgage debt service ratio (seasonally adjusted at annual rates) rose from 6.43 Ratio to 7.84 Ratio between 1996 Q2 and 2026 Q1—an increase of 1.41 Ratio, or 21.9%. It reached an observed high of 8.23 Ratio in 2023 Q1 before ending at 7.84 Ratio in 2026 Q1."},"metrics":[{"id":"start","label":"Start · 1996 Q2","value":"6.43 Ratio"},{"id":"end","label":"Latest · 2026 Q1","value":"7.84 Ratio"},{"id":"change","label":"Overall change","value":"+1.41 Ratio","detail":"21.9% increase","direction":"up"}],"calculationMethod":"The headline compares the first and last observations shown. Absolute change is the last source value minus the first; relative change is (last ÷ first − 1) × 100. Intermediate observations remain visible in the chart and exact values. This is descriptive and does not identify causes.","revision":"12de5aa0e912776907fd5c6c2486cb0a97eb3034399a66d133a6b5b834ae54f3"}}