2024
8
Canada Consumer Lending Market Report 2024
2024-05-07T15:02:53+01:00
REP0ACBA411_54AD_4542_90E4_BC7D286922EC
3695
172836
[{"name":"Loans and Borrowing","url":"https:\/\/store.mintel.com\/industries\/finance\/financial-services\/loans-borrowing"}]
Report
en_GB
Lenders must adapt their strategies to align with the evolving needs and preferences of borrowers, all while operating in an increasingly competitive market.Amr Hamdi, Finance Analyst…

Canada Consumer Lending Market Report 2024

£ 3,695 (Excl.Tax)

Report Summary

Lenders must adapt their strategies to align with the evolving needs and preferences of borrowers, all while operating in an increasingly competitive market.

Amr Hamdi, Finance Analyst

Table of Contents

  1. Executive summary

    • Key issues covered in this Report
    • Consumer trends: key takeaways
    • Graph 1: types of debt owned, by financial situation, 2024
    • Graph 2: openness towards fintech lenders, by new Canadians and race, 2024
    • Opportunities
  2. Consumer Insights

    • Consumer fast facts
    • Types of debt owned
    • Graph 3: types of debt owned over time, 2021 and 2024
    • Graph 4: personal loan usage, by new Canadians, 2024
    • Drivers for opening current personal loan
    • Graph 5: reasons for opening current personal loan, 2024
    • Graph 6: reasons for opening current personal loan, by financial situation, 2024
    • Most important factors when choosing a personal loan
    • Graph 7: top factors when choosing a personal loan – NET – any rank, 2024
    • Graph 8: top factors when choosing a personal loan – NET – any rank, by generation, 2024
    • Graph 9: top factors when choosing a personal loan – NET – any rank, by household income, 2024
    • Behaviors and attitudes towards loans
    • Graph 10: personal loan behaviors, by household income, 2024
    • Graph 11: personal loan behaviors, by generation, 2024
    • Graph 12: personal loan repayment behaviors, by new Canadians and financial situation, 2024
    • Graph 13: personal loan repayment behaviors, by generation, 2024
    • Graph 14: loyalty towards lenders, by generation, 2024
  3. Competitive strategies

    • Marketing and advertising
  4. The Market

    • Market drivers
    • Graph 15: distribution of foreign-born population by region of birth, 1996-2036 (projected)
  5. Appendix

    About the report

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    2024 Sample Consumer Cover

    Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.

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