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

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

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The answer

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

Overall change
+2.78 Ratio
23.2% increase
Start · 1996 Q2
11.97 Ratio
Latest · 2026 Q1
14.75 Ratio

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

What this answer shows

Measure
Household 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
Debt service ratio
Payment coverage
Required mortgage and non-mortgage principal and interest
Income denominator
Household disposable income before interest payments
Geographic coverage
Canada only

Household debt service ratio (seasonally adjusted at annual rates) rose from 11.97 Ratio to 14.75 Ratio between 1996 Q2 and 2026 Q1—an increase of 2.78 Ratio, or 23.2%. It reached an observed high of 15.17 Ratio in 2023 Q1 before ending at 14.75 Ratio in 2026 Q1.

Evidence prepared Revision c9882d908d7bView data updates

Citation-ready data

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

Quarterly · 120 observations · 1996 Q2–2026 Q1

Selected period2026 Q1
  • Household debt service ratio (seasonally adjusted at annual rates)14.75 Ratio
Household debt service ratio (seasonally adjusted at annual rates) rose from 11.97 Ratio to 14.75 Ratio between 1996 Q2 and 2026 Q1—an increase of 2.78 Ratio, or 23.2%. It reached an observed high of 15.17 Ratio in 2023 Q1 before ending at 14.75 Ratio in 2026 Q1. The chart covers 1996 Q2 to 2026 Q1. Values are shown in Ratio.Ratio101214161996 Q22001 Q22006 Q22011 Q22016 Q12021 Q12026 Q111.97 Ratio14.75 Ratio

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

Observed high
15.17 Ratio2023 Q1
Observed low
11.71 Ratio2002 Q1
Exact values120 observations · 1996 Q2–2026 Q1

Download every displayed observation in a spreadsheet-ready file.

Household debt service ratio (seasonally adjusted at annual rates) in Canada
PeriodHousehold debt service ratio (seasonally adjusted at annual rates)
2026 Q1Latest14.75 Ratio
2025 Q414.68 Ratio
2025 Q314.71 Ratio
2025 Q214.78 Ratio
2025 Q114.68 Ratio
2024 Q414.67 Ratio
2024 Q314.77 Ratio
2024 Q215.09 Ratio
2024 Q115.1 Ratio
2023 Q415.13 Ratio
2023 Q315.09 Ratio
2023 Q215.14 Ratio
2023 Q115.17 Ratio
2022 Q414.62 Ratio
2022 Q314.43 Ratio
2022 Q214 Ratio
2022 Q113.81 Ratio
2021 Q413.9 Ratio
2021 Q313.68 Ratio
2021 Q213.72 Ratio
2021 Q113.57 Ratio
2020 Q413.94 Ratio
2020 Q313.47 Ratio
2020 Q212.56 Ratio
2020 Q114.64 Ratio
2019 Q414.95 Ratio
2019 Q315.06 Ratio
2019 Q215.03 Ratio
2019 Q115.11 Ratio
2018 Q414.94 Ratio
2018 Q314.97 Ratio
2018 Q214.85 Ratio
2018 Q114.64 Ratio
2017 Q414.38 Ratio
2017 Q314.25 Ratio
2017 Q214.3 Ratio
2017 Q114.31 Ratio
2016 Q414.12 Ratio
2016 Q314.15 Ratio
2016 Q214.18 Ratio
2016 Q114.17 Ratio
2015 Q413.81 Ratio
2015 Q313.81 Ratio
2015 Q213.9 Ratio
2015 Q113.98 Ratio
2014 Q414.1 Ratio
2014 Q313.91 Ratio
2014 Q213.88 Ratio
2014 Q113.84 Ratio
2013 Q413.83 Ratio
2013 Q313.87 Ratio
2013 Q213.83 Ratio
2013 Q113.77 Ratio
2012 Q413.97 Ratio
2012 Q313.98 Ratio
2012 Q214.02 Ratio
2012 Q113.95 Ratio
2011 Q414.02 Ratio
2011 Q314.14 Ratio
2011 Q214.18 Ratio
2011 Q114.09 Ratio
2010 Q414.04 Ratio
2010 Q314.1 Ratio
2010 Q214.11 Ratio
2010 Q113.76 Ratio
2009 Q413.82 Ratio
2009 Q313.87 Ratio
2009 Q214.09 Ratio
2009 Q114.19 Ratio
2008 Q414.37 Ratio
2008 Q314.5 Ratio
2008 Q214.66 Ratio
2008 Q114.82 Ratio
2007 Q415 Ratio
2007 Q314.88 Ratio
2007 Q214.54 Ratio
2007 Q114.16 Ratio
2006 Q414.04 Ratio
2006 Q313.96 Ratio
2006 Q213.91 Ratio
2006 Q113.46 Ratio
2005 Q413.49 Ratio
2005 Q313.28 Ratio
2005 Q213.15 Ratio
2005 Q113.11 Ratio
2004 Q412.67 Ratio
2004 Q312.42 Ratio
2004 Q212.36 Ratio
2004 Q112.47 Ratio
2003 Q412.49 Ratio
2003 Q312.46 Ratio
2003 Q212.34 Ratio
2003 Q112.04 Ratio
2002 Q411.99 Ratio
2002 Q311.88 Ratio
2002 Q211.81 Ratio
2002 Q111.71 Ratio
2001 Q411.81 Ratio
2001 Q311.99 Ratio
2001 Q212.28 Ratio
2001 Q112.05 Ratio
2000 Q412.36 Ratio
2000 Q312.32 Ratio
2000 Q212.35 Ratio
2000 Q112.21 Ratio
1999 Q412.15 Ratio
1999 Q312.04 Ratio
1999 Q212.05 Ratio
1999 Q112.26 Ratio
1998 Q412.33 Ratio
1998 Q312.38 Ratio
1998 Q212.33 Ratio
1998 Q112.22 Ratio
1997 Q411.92 Ratio
1997 Q311.78 Ratio
1997 Q211.94 Ratio
1997 Q111.9 Ratio
1996 Q411.9 Ratio
1996 Q312.03 Ratio
1996 Q211.97 Ratio

About this data

How to read this measureRequired 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.