The increased confidence of banks, due to a positive IMF assessment and the slower growth of delinquency rates, has led to an increase in the supply of credit. There has also been an increase in the intention to purchase cars, boosting demand for auto lending. However, changes in immigration policy are likely to affect the customer base for consumer credit.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Credit in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Credit in Canada?
- What are the major trends key to understanding Consumer Credit in Canada?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Consumer Credit in Canada - Category analysis
KEY DATA FINDINGS
Increase in banks’ confidence boosts supply of credit
Higher demand for credit and banks in better position to manage risk and increase supply
Rebound in car purchase intentions and revitalised Canadian new/used cars market boost auto lending
Slow growth of card spending partially due to new immigration regulations
Bitcoin-backed lending products expected to arise in near future
Higher principal payments to slow down growth of outstanding balances for existing loans
Sustainability linked loans to increase in forecast period
Consumer Lending in Canada - Industry Overview
Increased optimism amongst Canadians
KEY DATA FINDINGS
Lower interest rates and inflation boost lending activity
Higher monthly payments, despite lower rates but homeowners in a better position
Improved budgeting and convenience increasing use of BNPL option
Positive signs, with inflation expected to remain moderate
However, tensions with US could pose a challenge
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Consumer Credit
- Auto Lending
- Card Lending
- Durables Lending
- Education Lending
- Home Lending
- Other Personal Lending
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Consumer Credit research and analysis database.
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