Credit & Debt | Spring 2026 rennie Landscape
Posted on Apr 29, 2026
Household borrowing is once again on the rise as interest rates have fallen. Residential mortgage debt is the primary driver of that growth.
HOME IS WHERE THE DEBT IS
The amount of new debt taken on by Canadians is, in part, sensitive to interest rates. That is, when interest rates are low, borrowing increases--this was the case in 2020 and 2021 wh...
