TransUnion Q1 2017 Industry Insights Report

Consumers in major Canadian markets outside of oil-rich provinces led the nation’s strong credit performance in the first quarter of 2017.

Canada’s average consumer non-mortgage debt levels rose nearly 2% in the last year to conclude Q1 2017 at $21,696. Conversely, the 90+ day non-mortgage account delinquency rate dropped to 2.72%, down nearly 1.5% from one year prior. Much of the annual delinquency declines were observed around major cities in Ontario and Quebec, including Toronto (down 7.55%), Montreal (down 2.51%) and Ottawa (down 2.37%).

Auto lending continued to be one of the fastest growing segments in the Canadian consumer credit marketplace during Q1 2017. Average balances rose 2.75% in the last year to $18,783 in Q1 2017. At the same time, serious delinquency rates (accounts 60 days or more past due) remained essentially flat in Q1 2017 (1.70%) compared to Q1 2016 (1.67%)

Download the report Get the summary

TransUnion Q1 2017 Industry Insights Report

Consumers in major Canadian markets outside of oil-rich provinces led the nation’s strong credit performance in the first quarter of 2017.

Canada’s average consumer non-mortgage debt levels rose nearly 2% in the last year to conclude Q1 2017 at $21,696. Conversely, the 90+ day non-mortgage account delinquency rate dropped to 2.72%, down nearly 1.5% from one year prior. Much of the annual delinquency declines were observed around major cities in Ontario and Quebec, including Toronto (down 7.55%), Montreal (down 2.51%) and Ottawa (down 2.37%).

Auto lending continued to be one of the fastest growing segments in the Canadian consumer credit marketplace during Q1 2017. Average balances rose 2.75% in the last year to $18,783 in Q1 2017. At the same time, serious delinquency rates (accounts 60 days or more past due) remained essentially flat in Q1 2017 (1.70%) compared to Q1 2016 (1.67%).

Download the report Get the summary

90+Day Delinquency Rate YoY Changes for Non-Mortgage Loans

back more
Matthew Fabian

The consumer credit market in Canada is expanding, and is doing so in a healthy manner. More consumers are gaining access to credit, and credit limits have been increasing at a strong rate during the last two years. At the same time, serious delinquency rates have remained relatively low. It’s especially encouraging to see some major Canadian markets lead the way in delinquency declines and credit growth, as it bodes well for Canada’s overall economic activity.

Matthew Fabian, Director, Research and Consulting, TransUnion Canada

back more

Average Consumer Non-Mortgage Debt Levels

90+ Day Delinquency Rates
back more

Despite an extended period of growth, auto loans continue to perform extremely well. More prime and above consumers are originating auto accounts and at higher amounts, while delinquency rates remain at historically low levels.

Matthew Fabian, Director, Research and Consulting, TransUnion Canada

Like it?

Get the summary