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Amount Canadians owe relative to income continued to tick higher in third quarter
Household credit market debt reached nearly $3.2 trillion, with mortgage balances comprising 75% despite a decline in mortgage demand, Statistics Canada reported.
- On Dec. 11, 2025, Statistics Canada reported the household credit market debt-to-disposable-income ratio rose to 176.7% from 176.3%. This marks a fourth consecutive quarterly increase for Canadian households, The Canadian Press said.
- Because credit-market debt outpaced household disposable income, Statistics Canada reported a fourth consecutive quarter of rising debt-to-income ratio.
- The seasonally adjusted debt stock rose 1.0% to nearly $3.2 trillion, with mortgages accounting for almost 75% of the stock.
- The household debt-service ratio edged down to 14.64% in Q3 2025 from 14.68%, measured as principal and interest payments relative to disposable income.
- With flows slowing, borrowing flows eased to $33.5 billion in Q3, and there was $1.77 in credit market debt per $1 of disposable income, according to Statistics Canada.
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The amount of Canadians' debt relative to their income increased for a fourth consecutive quarter, according to Statistics Canada data published on Thursday.
·Montreal, Canada
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Coverage Details
Total News Sources8
Leaning Left3Leaning Right0Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 43%
C 57%
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