Gen Z Drives Canada’s Credit Growth as Delinquencies Begin to Stabilize

The TransUnion report reveals that Generation Z is leading Canada’s credit growth, signaling a stabilization in delinquencies after a period of economic turbulence. While mortgage balances continue to rise, delinquency rates have returned to pre-pandemic levels, indicating a more resilient financial landscape. This trend underscores the shifting risk profiles across different regions, with provinces experiencing varying degrees of credit risk. As Gen Z becomes more financially active, this growth could shape future economic trends and lending practices.