About Household Credit Indicators
Changes in household credit reflect new credit extended to households. Two thirds of credit outstanding to households is for residential mortgages.
Overview of Total Household Credit
The table below provides an overview of changes in household credit over the past 12 months. The total dollar amount outstanding is noted, and broken down into components, as is the percentage distribution. The 12-month changes are given in dollar terms (again, broken down by component), and as a percentage of the total amount outstanding. Annualized 3-month and 1-month changes are also provided to give a sense of recent trends in household credit.
|C$ Billions Outstanding||% Distribution||12-month Dollar Change
|12-month % Change||3-month % Change (annualized)||1-month % Change (annualized)|
|Total household credit 1||2025||100||104.7||5.5||5.8||6.8|
|Consumer Credit 1 2||571||28.2||20.5||3.7||5.0||6.1|
|Chartered Banks 1||484||23.9||16.7||3.6||5.3||6.4|
|Off-balance sheet Loans securitized by banks and non-banks||13||0.6||0.1||0.9||0.1||0.3|
|Residential Mortgage Credit 1||1454||71.8||84.2||6.1||6.1||7.1|
|Chartered Banks 1||1077||53.2||57.6||5.7||6.4||6.5|
|Off-balance sheet Loans securitized by banks and non-banks:|
|NHA MBS program||58||2.9||10.8||22.7||13.8||27.6|
|Other securitization products||10||0.5||0.0||-0.1||0.2||1.3|
Notes:Data on this table are not seasonally adjusted unless otherwise stated.
- Last two columns are seasonally adjusted.
- Consumer credit includes, amongst other things, credit card loans, personal lines of credit, auto loans, and other personal loans.
- Non-banks include trust and mortgage loan companies, credit unions and caisses populaires, life insurance, and non-depository credit intermediaries and other institutions (e.g., automobile leasing and sales financing companies.)
Total Household Credit
This graph shows changes in total household credit since 1990, both in annualized three-month percentage terms, and in year-over-year percentage terms.
Sources of Household Credit
This graph shows changes in the sources of household credit since 1990.
Household Credit Components : Consumer Credit
This graph shows changes in total consumer credit since 1990, both in annualized three-month percentage terms, and in year-over-year percentage terms.
Household Credit Components : Residential Mortgage Credit
This graph shows changes in total residential mortgage credit since 1990, both in annualized three-month percentage terms, and in year-over-year percentage terms.