The agency said the household credit market debt-to-disposable income ratio rose to 173.9% on a seasonally adjusted basis, up from 173.5% in the fourth quarter of 2024.
In other words, Statistics Canada said credit market debt per dollar of household disposable income in the first quarter was $1.74.
The household debt ratio (as measured as a total obligation to have a percentage of the household disposable income of a percentage of principal and interest) remained stable at 14.40% this quarter.
The result is that the household credit market slowed to a seasonally adjusted $34.5 billion in the first three months of the year, down from $41.6 billion in the fourth quarter of 2024.
Seasonally adjusted stocks for household credit market debt, including consumer credit, mortgages and non-mortgage loans, rose 1.1% to $3.07 trillion in the first quarter of 2025, with mortgages accounting for nearly 75% of the total.
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Last modified: June 12, 2025
