Households Debt in Canada decreased to 99.58 percent of GDP in the first quarter of 2025 from 100.39 percent of GDP in the fourth quarter of 2024. This dataset provides - Canada Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

. Statistics Canada provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt prior to January 1990 is sourced from the Bank of Canada.


Further information about Canada Household Debt

• In the latest reports, Canada Household Debt accounted for 97.7 % of the country's Nominal GDP in Sep 2025
• Money Supply M2 in Canada increased 1,966.1 USD bn YoY in Sep 2025
• Canada Foreign Exchange Reserves was measured at 99.7 USD bn in Oct 2025
• The Foreign Exchange Reserves equaled 2.0 Months of Import in Aug 2025
• Canada Domestic Credit reached 4,851.8 USD bn in Sep 2025, representing an increased of 4.7 % YoY

Debt service ratios, interest and obligated principal payments on debt, and related statistics for households, Canada.

Households Debt in Canada increased to 171.90 percent of gross income in 2025 from 171.10 percent in 2025. This dataset provides - Canada Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Assets and debts held by family units and by age groups, total amounts.

Key information about Canada Household Debt: % of GDP

• Canada household debt accounted for 97.7 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 97.6 % in the previous quarter.
• Canada household debt to GDP ratio is updated quarterly, available from Mar 1969 to Sep 2025.
• The data reached an all-time high of 111.2 % in Dec 2020 and a record low of 30.0 % in Mar 1969.

CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. Statistics Canada provides Household Debt in local currency. Statistics Canada provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt prior to Q1 1990 is sourced from the Bank of Canada.


Related information about Canada Household Debt: % of GDP

• In the latest reports, Canada Household Debt reached 2,254.5 USD bn in Sep 2025.
• Money Supply M2 in Canada increased 5.2 % YoY in Sep 2025.
• Canada Foreign Exchange Reserves was measured at 99.7 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 2.0 Months of Import in Aug 2025.
• Canada Domestic Credit reached 4,851.8 USD bn in Sep 2025, representing an increased of 4.7 % YoY.
• The country's Non Performing Loans Ratio stood at 0.7 % in Jun 2025, compared with the ratio of 0.7 % in the previous quarter.

Key information about Canada Debt Service Ratio: Households

• Canada Debt Service Ratio: Households was reported at 13.900 % in Mar 2025
• This records a decrease from the previous number of 14.100 % for Dec 2024
• Canada Debt Service Ratio: Households data is updated quarterly, averaging 12.700 % from Mar 1999 to Mar 2025, with 105 observations
• The data reached an all-time high of 14.600 % in Jun 2024 and a record low of 10.300 % in Jun 2002
• Canada Debt Service Ratio: Households data remains active status in CEIC and is reported by Bank for International Settlements
• The data is categorized under World Trend Plus’s Association: Banking Sector – Table RC.BIS.DSR: G2 Households (HH) and Non-Profit Institution Serving Households (NPISHs): Quarterly

Quarterly financial flows and stocks of household credit market debt, consumer credit, non-mortgage loans, and mortgage loans, on a seasonally adjusted basis.

Key information about Canada Private Debt: % of Nominal GDP

• Canada Private Debt accounted for 210.25 % of its Nominal GDP in Sep 2025, compared with a ratio of 209.38 % in the previous quarter
• Canada Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1969 to Sep 2025, with an average share of 129.85 %
• The data reached an all-time high of 237.84 % in Dec 2020 and a record low of 89.28 % in Sep 1976

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated as a sum of Loans to Private Non-Financial Corporations and Household sectors. Statistics Canada provides Private Debt and Nominal GDP in local currency. Private Debt prior to Q1 1990 is sourced from the Bank of Canada.

This dataset provides values for HOUSEHOLDS DEBT TO INCOME reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

During the year 2020, household average net savings in Canada peaked in the second quarter for each income group. Compared to the other groups, households ranked in the highest income quintile displayed considerably higher average net savings during the coronavirus (COVID-19) pandemic. As of the second quarter of 2020, households belonging to this income group reported on average net savings for ****** Canadian dollars.

The average mortgage payment in the large and mid-sized cities in Canada ranged between 1,300 Canadian dollars and 2,600 Canadian dollars. In the fourth quarter of the year, Vancouver topped the ranking, with homebuyers paying, on average, ***** Canadian dollars monthly. In Toronto, the average monthly scheduled mortgage payment was ***** Canadian dollars. Canada’s housing market House prices in Canada vary widely across the country. In 2023, the average sales price of detached single-family homes in Vancouver was nearly three times as expensive as the national average. Vancouver is undoubtedly considered the least affordable housing market: In 2023, the cost of buying a home with a **-year mortgage in Canada was approximately ** percent of the median household income, whereas in Vancouver, it was nearly *** percent. Development of house prices The development of house prices depends on multiple factors, such as availability on the market and demand. Since 2005, house prices in Canada have been continuously growing. According to the MSL composite house price index, 2021 measured the highest house price increase.

Wealth and its subcomponent distributions, dollar values and dollar value per household, by household characteristics such as income quintile, age, housing tenure and composition, Canada, regions and provinces, annual 2010 to 2019 and quarterly starting 2020.

This table contains 58320 series, with data for years 1999 - 2016 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (20 items: Canada; Atlantic; Newfoundland and Labrador; Prince Edward Island; ...); Assets and debts (27 items: Total assets; Private pension assets; Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), Locked-in Retirement Accounts (LIRAs) and other; Employer-sponsored Registered Pension Plans (EPPs); ...); Net worth quintiles (6 items: Total, all net worth quintiles; Lowest net worth quintile; Second net worth quintile; Middle net worth quintile; ...); Statistics (6 items: Total values; Percentage of total assets or total debts; Number holding asset or debt; Percentage holding asset or debt; ...); Confidence intervals (3 items: Estimate; Lower bound of a 95% confidence interval; Upper bound of a 95% confidence interval).

Key information about Canada Foreign Exchange Reserves: Months of Import

• Canada Foreign Exchange Reserves equaled 2.0 Months of Import in Aug 2025, compared with the ratio of 2.0 in the previous month
• Canada Foreign Exchange Reserves: Months of Import data is updated monthly, available from Jun 1999 to Aug 2025
• The data reached an all-time high of 2.9 in May 2020 and a record low of 1.0 in May 2006

CEIC calculates Foreign Exchange Reserves as Months of Import from monthly Foreign Exchange Reserves and monthly Imports. The Department of Finance Canada provides Foreign Exchange Reserves in USD. Statistics Canada provides Imports in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Further information about Canada Foreign Exchange Reserves: Months of Import

• In the latest reports, Canada Foreign Exchange Reserves was measured at 99.7 USD bn in Oct 2025
• Its Money Supply M2 increased 5.2 % YoY in Sep 2025
• Canada Domestic Credit reached 4,851.8 USD bn in Sep 2025, representing an increased of 4.7 % YoY
• The country's Non Performing Loans Ratio stood at 0.7 % in Jun 2025, compared with the ratio of 0.7 % in the previous quarter
• Household Debt of Canada reached 2,254.5 USD bn in Sep 2025, accounting for 97.7 % of the country's Nominal GDP

This dataset includes one dataset which was custom ordered from Statistics Canada.The table includes information on housing suitability and shelter-cost-to-income ratio by number of bedrooms, housing tenure, age of primary household maintainer, household type, and income quartile ranges for census subdivisions in British Columbia. The dataset is in Beyond 20/20 (.ivt) format. The Beyond 20/20 browser is required in order to open it. This software can be freely downloaded from the Statistics Canada website: https://www.statcan.gc.ca/eng/public/beyond20-20 (Windows only). For information on how to use Beyond 20/20, please see: http://odesi2.scholarsportal.info/documentation/Beyond2020/beyond20-quickstart.pdf https://wiki.ubc.ca/Library:Beyond_20/20_Guide Custom order from Statistics Canada includes the following dimensions and variables: Geography: Non-reserve CSDs in British Columbia - 299 geographies The global non-response rate (GNR) is an important measure of census data quality. It combines total non-response (households) and partial non-response (questions). A lower GNR indicates a lower risk of non-response bias and, as a result, a lower risk of inaccuracy. The counts and estimates for geographic areas with a GNR equal to or greater than 50% are not published in the standard products. The counts and estimates for these areas have a high risk of non-response bias, and in most cases, should not be released. Housing Tenure Including Presence of Mortgage (5) 1. Total – Private non-band non-farm off-reserve households with an income greater than zero by housing tenure 2. Households who own 3. With a mortgage1 4. Without a mortgage 5. Households who rent Notes: 1) Presence of mortgage - Refers to whether the owner households reported mortgage or loan payments for their dwelling. 2015 Before-tax Household Income Quartile Ranges (5) 1. Total – Private households by quartile ranges1, 2, 3 2. Count of households under or at quartile 1 3. Count of households between quartile 1 and quartile 2 (median) (including at quartile 2) 4. Count of households between quartile 2 (median) and quartile 3 (including at quartile 3) 5. Count of households over quartile 3 Notes: 1) A private household will be assigned to a quartile range depending on its CSD-level location and depending on its tenure (owned and rented). Quartile ranges for owned households in a specific CSD are delimited by the 2015 before-tax income quartiles of owned households with an income greater than zero and residing in non-farm off-reserve dwellings in that CSD. Quartile ranges for rented households in a specific CSD are delimited by the 2015 before-tax income quartiles of rented households with an income greater than zero and residing in non-farm off-reserve dwellings in that CSD. 2) For the income quartiles dollar values (the delimiters) please refer to Table 1. 3) Quartiles 1 to 3 are suppressed if the number of actual records used in the calculation (not rounded or weighted) is less than 16. For cases in which the renters’ quartiles or the owners’ quartiles (figures from Table 1) of a CSD are suppressed the CSD is assigned to a quartile range depending on the provincial renters’ or owners’ quartile figures. Number of Bedrooms (Unit Size) (6) 1. Total – Private households by number of bedrooms1 2. 0 bedrooms (Bachelor/Studio) 3. 1 bedroom 4. 2 bedrooms 5. 3 bedrooms 6. 4 bedrooms Note: 1) Dwellings with 5 bedrooms or more included in the total count only. Housing Suitability (6) 1. Total - Housing suitability 2. Suitable 3. Not suitable 4. One bedroom shortfall 5. Two bedroom shortfall 6. Three or more bedroom shortfall Note: 1) 'Housing suitability' refers to whether a private household is living in suitable accommodations according to the National Occupancy Standard (NOS); that is, whether the dwelling has enough bedrooms for the size and composition of the household. A household is deemed to be living in suitable accommodations if its dwelling has enough bedrooms, as calculated using the NOS. 'Housing suitability' assesses the required number of bedrooms for a household based on the age, sex, and relationships among household members. An alternative variable, 'persons per room,' considers all rooms in a private dwelling and the number of household members. Housing suitability and the National Occupancy Standard (NOS) on which it is based were developed by Canada Mortgage and Housing Corporation (CMHC) through consultations with provincial housing agencies. Shelter-cost-to-income-ratio (4) 1. Total – Private non-band non-farm off-reserve households with an income greater than zero 2. Spending less than 30% of households total income on shelter costs 3. Spending 30% or more of households total income on shelter costs 4. Spending 50% or more of households total income on shelter costs Note: 'Shelter-cost-to-income ratio' refers to the proportion of average total income of household which is spent on shelter costs. Household Statistics (8) 1....

Mortgage interest rates worldwide varied greatly in June 2025, from less than ******percent in many European countries to as high as ***percent in Turkey. The average mortgage rate in a country depends on the central bank's base lending rate and macroeconomic indicators such as inflation and forecast economic growth. Since 2022, inflationary pressures have led to rapid increases in mortgage interest rates. Which are the leading mortgage markets? An easy way to estimate the importance of the mortgage sector in each country is by comparing household debt depth, or the ratio of the debt held by households compared to the county's GDP. In 2024, Switzerland, Australia, and Canada had some of the highest household debt to GDP ratios worldwide. While this indicator shows the size of the sector relative to the country’s economy, the value of mortgages outstanding allows to compare the market size in different countries. In Europe, for instance, the United Kingdom, Germany, and France were the largest mortgage markets by outstanding mortgage lending. Mortgage lending trends in the U.S. In the United States, new mortgage lending soared in 2021. This was largely due to the growth of new refinance loans that allow homeowners to renegotiate their mortgage terms and replace their existing loan with a more favorable one. Following the rise in interest rates, the mortgage market cooled, and refinance loans declined.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.