Equifax Canada sees Canadian consumer debt rise to $2.68 trillion in Q2 2026

Equifax Canada Q2 2026 market pulse showed total Canadian consumer debt at $2.68 trillion, up 4.18% year over year.

• Non-mortgage debt rose to $712.2 billion, up 4.8% year over year; 90+ day non-mortgage delinquency eased to 1.76%.
• Ontario mortgage holders remained a key stress point; 90+ day missed mortgage payments rose for 16 straight quarters.
• Ontario mortgage holders’ 90+ day non-mortgage delinquency climbed to 0.86%, up 27% year over year, diverging from the rest of Canada.
• Credit card debt increased to $134.2 billion; 90+ day credit card delinquency improved to 4.19% but stayed up 6.8% year over year.