Canadian consumer debt reached a record $2.64 trillion in the second quarter of 2026, up $116.7 billion, or 4.6%, from a year earlier, according to TransUnion's Q2 2026 Credit Industry Insights Report. The number of Canadians with access to credit rose 1.1% to 32.5 million, indicating that existing borrowers carried larger balances. Super prime and subprime balances grew fastest, while average non-mortgage debt increased 7.6% to $28,118. Mortgage balances rose 3.9% to $1.93 trillion even as mortgage accounts declined 0.2%, and new mortgage origination growth slowed to 7.8% as affordability pressures persisted. Serious mortgage delinquency edged higher nationally, with the sharpest stress in Ontario and British Columbia. Consumer 90+ day delinquency rose in Alberta, Saskatchewan and Ontario, while the consumer insolvency rate climbed to 1.10%, driven mainly by people without mortgages. TransUnion's Credit Industry Indicator rose to 100.9, suggesting stabilization rather than a broad-based strengthening of credit conditions.