Tag: mortgage debt Canada
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Canadian Household Debt Is Becoming Even More Concentrated in Mortgages
Canadian household debt continues to climb, but new data suggests the bigger issue may be where that debt is concentrated. According to Statistics Canada data highlighted by Better Dwelling, Canadian household debt reached $3.24 trillion in March 2026, with mortgage debt making up nearly three-quarters of the total. Household Debt Hit $3.24 Trillion Canadian households…
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Mortgage Debt Crisis In Canada – 8 Out Of 10 Canadians Owe Mortgage Debt And It’s Getting Worse
New data reveals that 8 out of 10 Canadians owe mortgage debt. Learn why mortgage debt is rising, how rate hikes made it worse, and what homeowners can do to reduce payments.
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Canadian Household Debt Surpasses $3 Trillion, Fueled by Mortgage Growth
Debt is rising twice as fast as in 2019 – with mortgages driving the surge Canadian households have officially crossed a new milestone: total credit market debt exceeded $3 trillion for the first time in the fourth quarter of 2024, according to Statistics Canada. Despite high interest rates and weak home sales, borrowing remains strong…
Canada Housing Market 