Mortgage debt accounts for the lion’s share of all overall debt in Canada’s credit landscape, in large part thanks to high demand in the housing market, high interest rates and low supply. This is leading to an increase of mortgage origination volume and balance growth.
As daily expenses continue to mount, many Canadians find their credit reservoirs running dry. Canada’s leading banks, wary of a rise in delinquencies, are tightening credit qualification criteria.
Despite the convergence of high inflation, rising interest rates, and stock market tremors, the credit market in Canada will show resilience during the forecast period, thanks to the country’s robust employment market providing income stability for many. The Canadian government's pledge to keep its gates open, expanding immigration programmes and embracing more newcomers annually, will contribute considerably to growth in consumer credit.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!