Gross debt service ratio refers to a calculation of all mortgage-related financing and must not exceed 32 percent of total household income.

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This is a correct statement about the gross debt service ratio. It calculates all mortgage-related financing expenses and aims to ensure borrowers do not take on more debt than they can afford, by limiting it to no more than 32 percent of their total household income.

Gross Debt Service Ratio Refers to a Calculation of All