Tag: household debt Canada 2025
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Canadians Just Pushed HELOC Debt to $179B – Highest Since 2019

Canadians may not be buying as much real estate right now, but they are borrowing against the homes they already own. New Statistics Canada credit data shows home equity line of credit (HELOC) balances rose again in October 2025, pushing total outstanding HELOC debt to roughly $179.5 billion – the highest level since 2019. The…