Equifax Canada's Q2 2026 Market Pulse shows total Canadian consumer debt rose to $2.68 trillion, up 4.18 per cent year-over-year, while national 90+ day non-mortgage delinquency rates improved slightly to 1.76 per cent from 1.79 per cent in Q1. Non-mortgage debt reached $712.2 billion, a 4.8 per cent jump from a year ago, but Ontario mortgage holders continue to show strain, with their 90+ day non-mortgage delinquency rate climbing 27 per cent year-over-year to 0.86 per cent. Joint mortgages among first-time homebuyers rose to 70.9 per cent through Q2 2026 from 57.6 per cent in 2016, and credit card balances grew to $134.2 billion, up from $130.6 billion in Q1. Auto loan balances increased to $179.1 billion, a 4.9 per cent rise year-over-year, though new auto loan originations were 9.2 per cent lower than Q2 2025.
Equifax IncEquifax Canada reports slower delinquency growth and rising consumer debt, indicating stable credit data demand but mixed signals from mortgage strain and lower auto originations.
