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

Key information about Canada Debt Service Ratio: Households

• Canada Debt Service Ratio: Households was reported at 14.400 % in Sep 2024
• This records a decrease from the previous number of 14.600 % for Jun 2024
• Canada Debt Service Ratio: Households data is updated quarterly, averaging 12.700 % from Mar 1999 to Sep 2024, with 103 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

Key information about Canada Debt Service Ratio: Private Non-Financial Sector

• Canada Debt Service Ratio: Private Non-Financial Sector was reported at 25.200 % in Sep 2024
• This records an increase from the previous number of 24.900 % for Jun 2024
• Canada Debt Service Ratio: Private Non-Financial Sector data is updated quarterly, averaging 20.800 % from Mar 1999 to Sep 2024, with 103 observations
• The data reached an all-time high of 25.200 % in Sep 2024 and a record low of 18.500 % in Jun 2006
• Canada Debt Service Ratio: Private Non-Financial Sector 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: G1 Private Non-Financial Sector (PNF): Quarterly

Annual household disposable income, debt service ratio and other statistics, by province and territory.

This table contains 16 series, with data for years 1990 - 2012 (not all combinations necessarily have data for all years), and was last released on 2012-10-01. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Seasonal adjustment (2 items: Unadjusted; Seasonally adjusted at annual rates ...), Estimates (8 items: Debt service ratio (DSR); Disposable income; Non-mortgage interest paid; Mortgage interest paid ...).

Kanadas Debt Service Ratio: Private Non-Financial Sector belief sich im 2023-12 auf 24.500 %. Dies stellt einen Anstieg im Vergleich zu den vorherigen Zahlen von 24.400 % für 2023-09 dar. Kanadas Debt Service Ratio: Private Non-Financial Sector werden vierteljährlich aktualisiert, mit einem Durchschnitt von 20.650 % von 1999-03 bis 2023-12, mit 100 Beobachtungen. Die Daten erreichten ein Allzeithoch in Höhe von 24.600 % im 2019-12 und ein Rekordtief in Höhe von 18.500 % im 2006-06. Kanadas Debt Service Ratio: Private Non-Financial Sector Daten behalten den Aktiv-Status in CEIC und werden von Bank for International Settlements gemeldet. Die Daten werden unter World Trend Pluss Association: Banking Sector – Table RC.BIS.DSR: G1 Private Non-Financial Sector (PNF): Quarterly kategorisiert.

The ratio of national debt to gross domestic product (GDP) in Canada was forecast to continuously decrease between 2024 and 2029 by in total 9.8 percentage points. According to this forecast, in 2029, the ratio will have decreased for the sixth consecutive year to 96.26 percent. Depicted here is the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more statistics on other topics about Canada with key insights such as the gross domestic product per capita, the number of employed people, and the unemployment rate.

Key information about Canada Government Debt: % of GDP

• Canada Government debt accounted for 69.4 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 66.9 % in the previous year.
• Canada government debt to GDP ratio data is updated yearly, available from Mar 1962 to Mar 2024.
• The data reached an all-time high of 83.6 % in Mar 1996 and a record low of 33.1 % in Mar 1977.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. The Department of Finance Canada provides Government Debt in local currency. Statistics Canada provides Nominal GDP in local currency based on CSNA 2012/SNA 2008. Government Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about Canada Government Debt: % of GDP

• In the latest reports, Canada National Government Debt reached 1,519.8 USD bn in Mar 2024.
• The country's Nominal GDP reached 520.3 USD bn in Mar 2023.

Quarterly non-bank outstanding residential mortgages by insurance status, amortization period, total debt service ratio, loan-to-value and, days in arrears, by lender type and number of mortgages, displayed in thousands of dollars, unless otherwise specified.

This table contains 16 series, with data for years 1990 - 2012 (not all combinations necessarily have data for all years), and was last released on 2012-10-01. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Seasonal adjustment (2 items: Unadjusted; Seasonally adjusted at annual rates ...), Estimates (8 items: Debt service ratio (DSR); Disposable income; Non-mortgage interest paid; Mortgage interest paid ...).

Of the G7 countries, Japan had the highest net debt in terms of share of gross domestic product (GDP) between 2010 and 2024. That year, Japan's government's net debt reached an estimated 156 percent of its total GDP. Italy had the second highest debt rate at 127 percent of its GDP, whereas Canada had the lowest at only 14 percent.

Annual household disposable income, debt service ratio and other statistics, by province and territory.

This table includes current ratio, debt to equity ratio, interest coverage ratio, debt ratio, revenue to equity ratio, revenue to closing inventory ratio, current debt to equity, net profit to equity, net fixed assets to equity, gross margin, return on total assets, collection period for accounts receivable. Incorporated businesses only. Values are averages in current dollars unless otherwise stated.

The Canadian property insurance market, while exhibiting resilience, faces evolving challenges and opportunities. The period from 2019 to 2024 saw moderate growth, influenced by factors such as increasing property values, fluctuating interest rates, and a rise in severe weather events. The base year of 2025 is estimated to represent a market size of approximately $25 billion CAD, reflecting a continued upward trend despite economic uncertainties. This growth is projected to continue throughout the forecast period (2025-2033), driven by factors such as population growth in urban centers, rising construction activity, and increasing awareness of the need for comprehensive property coverage. Insurers are responding by developing innovative products, leveraging technology for risk assessment and claims processing, and focusing on customer experience to maintain competitiveness. However, the market is not without its headwinds. The increasing frequency and severity of natural disasters, like wildfires and floods, pose significant challenges, potentially leading to higher premiums and stricter underwriting standards. Furthermore, evolving regulatory landscapes and the need to adapt to changing consumer preferences (e.g., the increasing use of online platforms for insurance purchasing) require continuous adaptation by insurers. The competitive landscape remains dynamic, with both established players and new entrants vying for market share. Ultimately, the long-term success of insurers will hinge on their ability to effectively manage risks, adopt technological advancements, and tailor their offerings to the evolving needs of Canadian homeowners and businesses. Recent developments include: P/C Agency Mergers Rise 10% in First Half of 2021 - There were 339 announced property/casualty insurance agency mergers and acquisitions during the first half of 2021, up from 307 in 2020., CMHC Changes Underwriting Practices on Mortgage Loan Insurance - Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market share. The federal housing agency said that it returned to considering a gross debt service ratio of up to 39 per cent and a total debt service ratio of up to 44 per cent for borrowers who have a strong history of managing payment obligations. Gross debt service refers to the maximum amount of gross annual income that can be used for home-related expenses like mortgages, heat or condo fees, while total debt service is calculated when these expenses are combined with monthly debt payments owed on items such as credit cards or cars.. Notable trends are: CATASTROPHIC LOSSES.

Quarterly household disposable income, debt service ratio and other statistics, Canada.

This table includes current ratio, debt to equity ratio, interest coverage ratio, debt ratio, revenue to equity ratio, revenue to closing inventory ratio, current debt to equity, net profit to equity, net fixed assets to equity, gross margin, return on total assets, collection period for accounts receivable. Incorporated businesses only. Values are averages in current dollars unless otherwise stated.

In 2022, the value of the lending to households in Switzerland as a share of its gross domestic product (GDP) was higher than in any of the countries selected here. Australian, Canadian, and South Korean households had an amount of credit which was higher than the overall size of their economy. That year, household lending in Argentina amounted to 4 percent of its GDP, which was the lowest figure in the ranking.

What is the household debt?

Household debt, also known as family debt, includes loans taken to pay for the home or other property, education, vehicles, and other expenses. The largest component of this is mortgage debt, which is seen by many as a way to build long-term equity. As such, households are willing to take on a large amount of this debt with the goal of owning an asset that holds value and can be used as a residence in the meantime.

The cost of debt

The cost of a loan depends on a number of factors such as the interest rate, borrower’s credit risk or time period of a loan. The value of mortgage and the rate of return on assets such as real estate also depend largely on geographic location. The highest borrowers in this statistic are likely living in countries where credit is affordable and expected returns are relatively high, incentivizing heavy borrowing.

Quarterly gross and net debt to gross domestic product for federal and other levels of general government.

Os dados de Rácio de serviço da dívida: famílias do Canadá foram registrados em 14.400 % em 2024-09. Este registro de uma queda com relação aos números anteriores de 14.600 % em 2024-06. Os dados de Rácio de serviço da dívida: famílias do Canadá são atualizados trimestral, com uma média de 12.700 % em 1999-03 até 2024-09, com 103 observações. Os dados alcançaram um alto recorde de 14.600 % em 2024-06 e um baixo recorde de 10.300 % em 2002-06. Os dados de Rácio de serviço da dívida: famílias do Canadá permanecem com status ativo na CEIC e são reportados pela fonte: Bank for International Settlements. Os dados são classificados sob o World Trend Plus’ Association: Banking Sector – Table RC.BIS.DSR: G2 Households (HH) and Non-Profit Institution Serving Households (NPISHs): Quarterly.

Rasio Layanan Utang: Rumah Tangga Kanada dilaporkan sebesar 14.400 % pada 2024-09. Rekor ini turun dibanding sebelumnya yaitu 14.600 % untuk 2024-06. Data Rasio Layanan Utang: Rumah Tangga Kanada diperbarui triwulanan, dengan rata-rata 12.700 % dari 1999-03 sampai 2024-09, dengan 103 observasi. Data ini mencapai angka tertinggi sebesar 14.600 % pada 2024-06 dan rekor terendah sebesar 10.300 % pada 2002-06. Data Rasio Layanan Utang: Rumah Tangga Kanada tetap berstatus aktif di CEIC dan dilaporkan oleh Bank for International Settlements. Data dikategorikan dalam Association: Banking Sector World Trend Plus – Table RC.BIS.DSR: G2 Households (HH) and Non-Profit Institution Serving Households (NPISHs): Quarterly.