The average Canadian renter now has a credit score of 694
- ClearView Insider
- Sep 11, 2025
- 1 min read
Above the major banks’ 680 mortgage approval threshold, but still below the average homeowner’s 764. Despite credit eligibility, high rent-to-income ratios (37.6% nationally, 41.1% in Toronto) continue to stall down payments and delay homeownership for many.
MPA. “Average renter credit score meets major banks’ mortgage lending threshold: report.” Published August 2025.
