CostWatch.ca
Data to Aug 2026

Household debt

$1.76 of debt
for every $1 of income.

In Q2 2026, Canadian households owed $1.76 for every dollar of disposable income, and required debt payments took 14.5% of that income.

Canada

Debt and debt payments

Q2 2026 · seasonally adjusted

Debt per $1 of disposable income
$1.76
Change over a year
−1.0 pts
Debt payments (share of income)
14.5%
Mortgage payments
7.7%
Other debt payments
6.8%
Household credit market debt as a percentage of disposable income, Canada, quarterly
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Household credit market debt to disposable income (%), one quarter each year
MonthDebt to disposable income (%)
April 2016181.8%
April 2017183.8%
April 2018185.9%
April 2019184.1%
April 2020166.2%
April 2021180.7%
April 2022187.7%
April 2023183.8%
April 2024176.8%
April 2025177.3%
April 2026176.4%
Debt service ratio: required debt payments as a percentage of disposable income, Canada, quarterly
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Debt service ratio (%), one quarter each year
MonthDebt service ratio (%)
April 201614.2%
April 201714.3%
April 201814.9%
April 201915.0%
April 202012.6%
April 202113.7%
April 202214.0%
April 202315.1%
April 202415.1%
April 202514.8%
April 202614.5%

Debt is household credit market debt (mortgages, consumer credit and loans); disposable income is after tax. The debt service ratio is required principal and interest payments as a share of disposable income. These are national averages: many households have no debt, and some carry much more. Quarters are shown by their first month (April 2026 = Q2 2026).

Latest data: April 2026Sources

Source: Statistics Canada, Table 38-10-0238-01, Table 11-10-0065-01Updated by CostWatch: September 27, 2026Adapted from Statistics Canada Table 38-10-0238-01, Table 11-10-0065-01, April 2026. This does not constitute an endorsement by Statistics Canada of this product.