Mortgage delinquencies are rising in Canada, with overall debt levels increasing, according to the Equifax Canada Q4 2024 Market Pulse Consumer Credit Trends report, released February 25.
“Total consumer debt in Canada reached $2.56 trillion at the end of 2024, a 4.6% increase over 2023,” says Rebecca Oakes, vice-president of Advanced Analytics at Equifax Canada, in the report.
