Canada’s household net worth saw an uptick of about 3% in Q2 2026, hitting $19.1T, with per-capita wealth now around $462K. Interestingly, it was the financial markets—not real estate—that drove these gains. For those carrying household debt, there’s a bit of relief: the debt service ratio fell to roughly 14.5%, its lowest point in four years, and mortgage borrowing moderated to $19.4B, marking the slowest pace since early 2024.
Housing values remained steady, with residential real estate inching up less than 1% to $8.5T, while resale transaction values bounced back by about 7% after a muted first quarter. For anyone renewing their mortgage, rising interest rates have made it essential to shop carefully for terms. For buyers, a combination of flat prices and more stable financing conditions has brought renewed competition before we see any big shifts in valuation.
Looking further ahead, Canada’s ongoing supply shortage continues to support housing prices. Residential investment also rose by about 3% after previous declines. I’m continually watching these trends, as they shape the strategies I recommend for clients seeking clarity and confidence in their mortgage choices. We can look forward to fresh household balance-sheet data on December 11, 2026, which will add another layer of insight for those planning their next move.
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