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Amount Canadians owe relative to income continued to tick higher in third quarter

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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Canadians' Debt-to-Income Ratio Continues to Increase

The amount of Canadians' debt relative to their income increased for a fourth consecutive quarter, according to Statistics Canada data published on Thursday.

3 days ago·Montreal, Canada

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