Statistics Canada reports household debt outpaced income in first quarter (opens original article in a new tab)

Statistics Canada reported Canadian household debt exceeded income for the sixth consecutive quarter in Q1 2026, with debt-to-income ratio reaching 179.6% and debt service ratio rising to 14.75%.

• Household debt in Canada rose to 179.6% of disposable income in Q1 2026
• Debt service ratio increased to 14.75% in Q1 2026 from 14.68% in Q4 2025
• Household credit market borrowing reached $35.5 billion in Q1 2026, up from $34.5 billion in Q4 2025