Canada: Household credit
* indicates monthly or quarterly data series
The most recent value is 3039.76 billion Canadian Dollar as of December 2024, an increase compared to the previous value of 3029.57 billion Canadian Dollar. Historically, the average for Canada from January 1969 to December 2024 is 889.25 billion Canadian Dollar. The minimum of 24.28 billion Canadian Dollar was recorded in January 1969, while the maximum of 3039.76 billion Canadian Dollar was reached in December 2024.
Click on the following link to see the values of: Household credit around the world.
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* indicates monthly or quarterly data series
- Measure: billion Canadian Dollar
- Source: Statistics Canada
| Recent values | Canada: Household credit, billion currency units |
|---|---|
| 2024 Dec | 3039.76 |
| 2024 Nov | 3029.57 |
| 2024 Oct | 3016.36 |
| 2024 Sep | 3006.29 |
| 2024 Aug | 2993.14 |
| 2024 Jul | 2979.77 |
| 2024 Jun | 2966.95 |
| 2024 May | 2950.46 |
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Definition: Household credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 3.9 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 1.4369 | 3/2025 | Local Currency Units per USD |
| Money supply (broad money) | 2,638.12 | 12/2024 | billion |
| Consumer Price Index (CPI) | 163.0000 | 2/2025 | index points |
| Inflation, monthly | 1.05 | 2/2025 | percent |
| Inflation, annual | 2.64 | 2/2025 | percent |
| Private sector credit | 6,525.60 | 12/2024 | billion |
| Business credit | 3,485.84 | 12/2024 | billion |
| Household credit | 3,039.76 | 12/2024 | billion |
| Mortgage credit | 2,246.50 | 12/2024 | billion |
| Consumer credit | 793.27 | 12/2024 | billion |
| Business credit interest rate | 5.48 | 12/2024 | percent |
| Mortgage credit interest rate | 4.48 | 12/2024 | percent |
| Policy rate | 2.75 | 3/2025 | percent |
| Household debt to GDP | 100.10 | 9/2024 | percent |
| Debt service ratios for private non-financial sector | 25.20 | Q3/2024 | percent |