Canada's Q2 Household Net Worth Rises as Household Debt-to-Income Ratio Posts Largest Drop in Almost Two Years

08:50 AM EDT, 09/11/2026 (MT Newswires) -- Canadian household net worth climbed 2.9% quarter over quarter in the second quarter to more than CA$19 trillion, fueled largely by equity market gains that boosted the value of household assets, according to the country's statistical agency on Friday. The stock market rally also pushed the financial-to-non-financial asset ratio to its highest level since 2000, with households holding CA$1.24 of financial assets for every CA$1 of non-financial assets, Statistics Canada wrote in a statement. Household liabilities rose 1.3% in the second quarter, with residential mortgages making up nearly three-quarters of total household debt. Despite the increase, household debt relative to total assets fell to 14.8%, the lowest level since the first quarter of 2022, added StatsCan. Household credit market debt relative to disposable income fell from 178.6% to 176.4%, marking its largest quarterly decline since the third quarter of 2024, said the Ottawa-based agency.