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Canada's Debt Hits $2.6 Trillion Amid Rising Mortgages

11/26/2025

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Summary

Story summary

Canadian consumer debt rose to $2.6 trillion, driven mainly by higher mortgage balances, according to TransUnion.
Mortgage originations grew 18% year-over-year as homeowners refinanced amid lower interest rates.
Non-mortgage debt rose, with credit card balances averaging $4,652.
The TSX Index rose recently despite high debt.
Analysts urge careful investor strategies amid ongoing debt and rate pressures.

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Story summary

Canadian consumer debt rose to $2.6 trillion, driven mainly by higher mortgage balances, according to TransUnion.
Mortgage originations grew 18% year-over-year as homeowners refinanced amid lower interest rates.
Non-mortgage debt rose, with credit card balances averaging $4,652.
The TSX Index rose recently despite high debt.
Analysts urge careful investor strategies amid ongoing debt and rate pressures.