{"id":16879,"date":"2025-06-18T18:14:04","date_gmt":"2025-06-18T18:14:04","guid":{"rendered":"https:\/\/finderica.com\/?p=16879"},"modified":"2025-06-18T18:14:04","modified_gmt":"2025-06-18T18:14:04","slug":"canadian-households-took-on-9-1b-in-new-mortgage-debt-in-april","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=16879","title":{"rendered":"Canadian households took on $9.1B in new mortgage debt in April"},"content":{"rendered":"
\n

Real estate secured debt, which includes both mortgages and home equity lines of credit (HELOCs), grew by $9.9 billion in April, driven almost entirely by the increase in mortgage balances.<\/p>\n

Year-over-year growth in mortgage credit also continued to trend higher, reaching 4.7% in April, its fastest pace in two years.<\/p>\n

That compares to just 3.4% growth at the same time last year and reflects a steady rebound from the post-pandemic slowdown. <\/p>\n

The increase in mortgage debt was one of the strongest for an April in recent history. At $8.0 billion, the monthly increase was higher than in April 2023 ($6.0B) and April 2024 ($5.6B), making it the largest April gain since 2022.<\/p>\n

Monthly change in household mortgage balances<\/h3>\n
\"Month-over-month
Source: StatCan (data is adjusted for seasonality)<\/em><\/figcaption><\/figure>\n

Total household credit liabilities increased by 0.3% in April (+$10.1 billion) to reach $3.08 trillion, slightly below the 0.4% growth recorded in March.<\/p>\n

Non-mortgage borrowing was relatively flat in April, with total debt in that category rising just 0.1%, compared to a 0.4% gain in March. On an annual basis, non-mortgage credit growth eased to 3.9%, down from 4.4% in March.<\/p>\n

Credit card debt edged down by 0.1%, the first drop since November 2024, while other personal loans saw modest gains.<\/p>\n

Meanwhile, borrowing by private non-financial corporations fell sharply, with total credit liabilities down 0.9% (-$20.6 billion). This was due largely to a $15.5-billion drop in debt security liabilities, driven by exchange rate effects.<\/p>\n

Visited 251 times, 251 visit(s) today<\/p>\n

credit card debt credit trends Dashboard economic data Editor’s pick household debt mortgage credit mortgage debt non-mortgage debt statcan statistics canada<\/p>\n

Last modified: June 18, 2025<\/p>\n<\/p><\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Real estate secured debt, which includes both mortgages and home equity lines of credit (HELOCs), grew by $9.9 billion in April, driven almost entirely by the increase in mortgage balances. Year-over-year growth in mortgage credit also continued to trend higher, reaching 4.7% in April, its fastest pace in two years. That compares to just 3.4%<\/p>\n","protected":false},"author":1,"featured_media":16880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[216],"tags":[6859,1869,1327,367,1210,417],"class_list":{"0":"post-16879","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mortgage","8":"tag-9-1b","9":"tag-april","10":"tag-canadian","11":"tag-debt","12":"tag-households","13":"tag-mortgage"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/16879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16879"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/16879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/16880"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}