HIGHER RATES COULD SPELL TROUBLE

Torontonians may find themselves more “vulnerable” to interest rate increases this year, as personal debt levels in the city continue to hit records, according to the Canada Mortgage Housing Corp.

The debt-to-income (DTI) ratio for those in living in the city rose to 208 per cent in the second quarter, which ended June 30, the housing agency said. That means that for every $1 of disposable income, $2.08 is owed.