Canadian Credit Market Shows Signs of Recovery as New Mortgages Rise 51% Year-Over-Year
Provided By GlobeNewswire
Last update: Aug 13, 2025
Key findings from TransUnion report:
TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) -- New data from TransUnion shows that total Canadian consumer credit balances reached $2.52 trillion in Q2 2025, up 4.4% year-over-year (YoY) according to TransUnion’s Q2 2025 Credit Industry Insights Report (CIIR). That marks a 15% increase since Q1 2022, which aligns with the onset of rising inflation rates in Canada. Once inflation is factored in,1 however, the actual increase was just 3% (or $0.08 trillion), meaning that while debt levels have climbed, real growth in what Canadians owe was more modest than it appears.
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