Debt Service Ratio

Canadian Household Debt is Bad But There’s a Bigger Problem

Oh Canada! Our home and “in debt” land… Canada recently turned another year older – yay we’re 150! – but it appears that we may be lacking some of the wisdom that you would expect to come with age – specifically around household finances. In fact, according to a recent report by the Parliamentary Budget […]

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Measure Your Borrowing Ability: Debt Service Ratios

The amount of mortgage you may qualify for depends on two things: income and the amount of debt you are carrying. Financial institutions use two different ratios to measure your borrowing ability. The first is your Gross Debt Service Ratio (GDSR). The second is your Total Debt Service Ratio (TDSR). Gross Debt Service Ratio Gross

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