It’s been an eventful quarter for Canadian household wealth and mortgage costs. In Q2 2026, household net worth grew by nearly 3% to reach $19.1 trillion, bringing per-capita wealth to about $462,000. Interestingly, these gains were fuelled by financial markets rather than housing. For those carrying debt, the household debt service ratio dropped to around 14.5%—the lowest we’ve seen in four years. Meanwhile, mortgage borrowing has slowed considerably to $19.4 billion, marking the weakest pace since early 2024.
Residential real estate values remained mostly flat, up less than 1% to $8.5 trillion, though we did see resale transaction values bounce back by about 7% after a slow Q1. For clients renewing mortgages, higher rates mean it’s more important than ever to compare terms and find the right fit for your situation. For buyers, the combination of stable prices and steadier financing has brought back some competition, even before we see any new changes in valuations.
Despite these fluctuations, the persistent supply shortage continues to support housing prices, and residential investment is up roughly 3% after recent declines. I keep an eye on these shifts so I can help you navigate changing lending conditions, whether you’re considering your first mortgage, a refinance, or a private lending solution. Expect fresh Q3 household balance sheet data on December 11, 2026—more insight just around the corner.
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