Gen Z Drives Canada’s Credit Growth as Delinquencies Begin to Stabilize
TransUnion's Q1 2026 Credit Industry Insights Report identifies Gen Z as the primary driver of credit growth in Canada, with the number of credit-active Gen Z consumers rising by 460,000 (7.8%) year-over-year. While Gen Z delinquency rates remain the highest among generations, they improved 11 basis points year-over-year to 2.75%, and the broader Canadian consumer credit market shows signs of stabilization with serious delinquencies at 1.86%.
Key figures
- Avg mortgage balance
- 290528
- Total mortgage balances
- $1.91 trillion
- Consumer credit indicator cii
- 100.4
- Gen z avg non mortgage balance
- 13621
- Gen z active consumer growth yoy
- 460000
- Gen z balance growth yoy percent
- 9.1%
- Mortgage balance growth yoy percent
- 3.85%
- Gen z active consumer growth percent
- 7.8%
- Total consumer delinquency 90 plus days
- 1.86%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.