Canadians Take on More Credit Amid Lower Interest Rates as Mortgage Churn Rises and Economic Disparities Deepen

Canadian consumer debt increases to $2.6 trillion primarily on mortgages

Total consumer debt increased to $2.6 trillion in the third quarter of 2025 driven primarily by an increase in mortgage balances, said TransUnion Canada.

Canadian consumer debt load spikes to $2.6 trillion as falling interest rates make borrowing cheaper

While credit delinquencies remained largely flat, experts warned of possible troubles ahead as U.S. President Donald Trump's tariffs work their way through affected industries like automaking.

Canadian consumer debt load spikes to $2.6 trillion as falling interest rates make borrowing cheaper

While credit delinquencies remained largely flat, experts warned of possible troubles ahead as U.S. President Donald Trump's tariffs work their way through affected industries like automaking.

Canadians Take on More Credit Amid Lower Interest Rates as Mortgage Churn Rises and Economic Disparities Deepen

Key findings from TransUnion report:

Canadians Take on More Credit Amid Lower Interest Rates as Mortgage Churn Rises and Economic Disparities Deepen

Key findings from TransUnion report: Total consumer debt rose to $2.6 trillion, driven by increased mortgage balances amid falling interest rates;...

Vulnerable Canadians fall further behind as tariffs, economic uncertainty take toll, report says

The report by TransUnion found the gap is widening between Canadians who can pull themselves out of debt, and those who can’t