Vancouver, Toronto most 'vulnerable' to interest rate hikes: CMHC

TORONTO — Canadians living in two of the country’s largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record-levels, warns a report by Canada Mortgage Housing Corp.
The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to 242 per cent in the second quarter, which ended June 30.
That means that for every $1 of disposable income, $2.42 is owed