CanadaIncome, pensions, spending and wealth1996 Q2–2026 Q1 · Quarterly

How did the household mortgage debt service ratio (seasonally adjusted at annual rates) change in Canada?

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The answer

Household mortgage debt service ratio (seasonally adjusted at annual rates) increased in Canada.

Overall change
+1.41 Ratio
21.9% increase
Start · 1996 Q2
6.43 Ratio
Latest · 2026 Q1
7.84 Ratio

Statistics Canada · Table 11-10-0065-01Updated

What this answer shows

Measure
Household mortgage debt service ratio (seasonally adjusted at annual rates)
Area shown
Canada
Period
1996 Q2–2026 Q1Quarterly
Unit
Ratio

Selected details

Seasonal adjustment
Seasonally adjusted at annual rates
Estimates
Mortgage debt service ratio
Payment coverage
Required mortgage principal and interest
Income denominator
Household disposable income before interest payments
Geographic coverage
Canada only

Household mortgage debt service ratio (seasonally adjusted at annual rates) rose from 6.43 Ratio to 7.84 Ratio between 1996 Q2 and 2026 Q1—an increase of 1.41 Ratio, or 21.9%. It reached an observed high of 8.23 Ratio in 2023 Q1 before ending at 7.84 Ratio in 2026 Q1.

Evidence prepared Revision c9882d908d7bView data updates

Citation-ready data

Household mortgage debt service ratio (seasonally adjusted at annual rates) in Canada

Quarterly · 120 observations · 1996 Q2–2026 Q1

Selected period2026 Q1
  • Household mortgage debt service ratio (seasonally adjusted at annual rates)7.84 Ratio
Household mortgage debt service ratio (seasonally adjusted at annual rates) rose from 6.43 Ratio to 7.84 Ratio between 1996 Q2 and 2026 Q1—an increase of 1.41 Ratio, or 21.9%. It reached an observed high of 8.23 Ratio in 2023 Q1 before ending at 7.84 Ratio in 2026 Q1. The chart covers 1996 Q2 to 2026 Q1. Values are shown in Ratio.Ratio4567891996 Q22001 Q22006 Q22011 Q22016 Q12021 Q12026 Q16.43 Ratio7.84 Ratio

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The vertical scale is focused on the observed values and does not start at zero.

Observed high
8.23 Ratio2023 Q1
Observed low
5.22 Ratio2002 Q3
Exact values120 observations · 1996 Q2–2026 Q1

Download every displayed observation in a spreadsheet-ready file.

Household mortgage debt service ratio (seasonally adjusted at annual rates) in Canada
PeriodHousehold mortgage debt service ratio (seasonally adjusted at annual rates)
2026 Q1Latest7.84 Ratio
2025 Q47.83 Ratio
2025 Q37.87 Ratio
2025 Q27.93 Ratio
2025 Q17.88 Ratio
2024 Q47.89 Ratio
2024 Q37.99 Ratio
2024 Q28.21 Ratio
2024 Q18.17 Ratio
2023 Q48.2 Ratio
2023 Q38.19 Ratio
2023 Q28.22 Ratio
2023 Q18.23 Ratio
2022 Q47.84 Ratio
2022 Q37.64 Ratio
2022 Q27.33 Ratio
2022 Q17.18 Ratio
2021 Q47.2 Ratio
2021 Q37.06 Ratio
2021 Q27.06 Ratio
2021 Q16.92 Ratio
2020 Q47.03 Ratio
2020 Q36.75 Ratio
2020 Q26.17 Ratio
2020 Q17.1 Ratio
2019 Q47.19 Ratio
2019 Q37.25 Ratio
2019 Q27.2 Ratio
2019 Q17.23 Ratio
2018 Q47.1 Ratio
2018 Q37.1 Ratio
2018 Q27.04 Ratio
2018 Q16.93 Ratio
2017 Q46.78 Ratio
2017 Q36.7 Ratio
2017 Q26.74 Ratio
2017 Q16.77 Ratio
2016 Q46.7 Ratio
2016 Q36.71 Ratio
2016 Q26.7 Ratio
2016 Q16.63 Ratio
2015 Q46.45 Ratio
2015 Q36.38 Ratio
2015 Q26.35 Ratio
2015 Q16.37 Ratio
2014 Q46.44 Ratio
2014 Q36.39 Ratio
2014 Q26.4 Ratio
2014 Q16.4 Ratio
2013 Q46.34 Ratio
2013 Q36.34 Ratio
2013 Q26.28 Ratio
2013 Q16.25 Ratio
2012 Q46.31 Ratio
2012 Q36.28 Ratio
2012 Q26.29 Ratio
2012 Q16.22 Ratio
2011 Q46.24 Ratio
2011 Q36.27 Ratio
2011 Q26.28 Ratio
2011 Q16.25 Ratio
2010 Q46.21 Ratio
2010 Q36.23 Ratio
2010 Q26.24 Ratio
2010 Q16.09 Ratio
2009 Q46.16 Ratio
2009 Q36.18 Ratio
2009 Q26.23 Ratio
2009 Q16.2 Ratio
2008 Q46.11 Ratio
2008 Q36.2 Ratio
2008 Q26.22 Ratio
2008 Q16.21 Ratio
2007 Q46.26 Ratio
2007 Q36.13 Ratio
2007 Q25.98 Ratio
2007 Q15.82 Ratio
2006 Q45.74 Ratio
2006 Q35.72 Ratio
2006 Q25.71 Ratio
2006 Q15.56 Ratio
2005 Q45.62 Ratio
2005 Q35.56 Ratio
2005 Q25.5 Ratio
2005 Q15.5 Ratio
2004 Q45.37 Ratio
2004 Q35.31 Ratio
2004 Q25.29 Ratio
2004 Q15.33 Ratio
2003 Q45.36 Ratio
2003 Q35.35 Ratio
2003 Q25.32 Ratio
2003 Q15.23 Ratio
2002 Q45.22 Ratio
2002 Q35.22 Ratio
2002 Q25.24 Ratio
2002 Q15.24 Ratio
2001 Q45.23 Ratio
2001 Q35.27 Ratio
2001 Q25.39 Ratio
2001 Q15.28 Ratio
2000 Q45.45 Ratio
2000 Q35.48 Ratio
2000 Q25.55 Ratio
2000 Q15.5 Ratio
1999 Q45.47 Ratio
1999 Q35.43 Ratio
1999 Q25.45 Ratio
1999 Q15.59 Ratio
1998 Q45.78 Ratio
1998 Q35.85 Ratio
1998 Q25.85 Ratio
1998 Q15.94 Ratio
1997 Q45.89 Ratio
1997 Q35.95 Ratio
1997 Q26.12 Ratio
1997 Q16.19 Ratio
1996 Q46.28 Ratio
1996 Q36.39 Ratio
1996 Q26.43 Ratio

About this data

How to read this measureRequired mortgage debt payments are divided by household disposable income with interest payments added back. This is an aggregate household-sector ratio, not the average burden among borrowers or the amount of debt outstanding. The source reports a ratio on a percentage scale: 14.75 represents 14.75% of income.

Data shown through 2026 Q1Table updated

These are the selections used for this answer. The full Statistics Canada table (11-10-0065-01) contains other measures and breakdowns.

Adapted from Statistics Canada, Debt service indicators of households, national balance sheet accounts, 2026-06-12. This does not constitute an endorsement by Statistics Canada of this product.

How this answer was calculatedThe headline compares the first and last observations shown. Absolute change is the last source value minus the first; relative change is (last ÷ first − 1) × 100. Intermediate observations remain visible in the chart and exact values. This is descriptive and does not identify causes.