Table 4 Distribution of households with a mortgage by size of mortgage liability and age, selected years
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Mortgage-liability ratio | ||||
---|---|---|---|---|
Under 10% | 10% to 19% | 20% and more | Total | |
All households | % | |||
1997 | 17.8 | 42.3 | 39.8 | 100.0 |
2001 | 18.7 | 49.8 | 31.5 | 100.0 |
2008 | 18.7 | 43.2 | 38.1 | 100.0 |
Under 35 | ||||
1997 | 15.4 | 41.9 | 42.8 | 100.0 |
2001 | 19.4 | 47.9 | 32.7 | 100.0 |
2008 | 20.2 | 34.5 | 45.3 | 100.0 |
35 to 44 | ||||
1997 | 14.7 | 43.3 | 42.0 | 100.0 |
2001 | 16.8 | 51.0 | 32.1 | 100.0 |
2008 | 15.2 | 43.8 | 41.1 | 100.0 |
45 to 54 | ||||
1997 | 22.1 | 43.2 | 34.7 | 100.0 |
2001 | 20.8 | 51.3 | 27.9 | 100.0 |
2008 | 21.5 | 48.7 | 29.8 | 100.0 |
55 to 64 | ||||
1997 | 21.8 | 39.7 | 38.5 | 100.0 |
2001 | 17.1 | 51.5 | 31.4 | 100.0 |
2008 | 19.6 | 42.3 | 38.2 | 100.0 |
Note: Respective sample sizes were too small to show reliable distributions for households 65 and over. Mortgage-liability ratio is mortgage payment expressed as a percentage of disposable income. Sources: Statistics Canada, Survey of Household Spending, 1997, 2001 and 2008. |
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