How much debt does the average Canadian have?

The average Canadian household owes roughly $1.80 for every dollar of disposable income, making Canada one of the most indebted nations in the G7. This includes mortgages, lines of credit, auto loans, credit cards, and student debt.

Which province has the most debt?

British Columbia and Ontario typically have the highest average household debt, largely driven by elevated mortgage balances from expensive housing markets. Alberta also ranks high due to a combination of mortgage and consumer debt.

Loans – Consumer Debt Data (Canada)

Understand Canadian debt trends and find strategies to manage and pay down loans across every province.

Debt Data

Average Debt by Province

Compare average household debt levels across all Canadian provinces and territories.

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

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