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I hope you enjoy reading this article.

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Average Credit Score Canada? An in-depth review.

Updated: Nov 9

In this post, I'm going to talk about average credit score Canada.

I'll dive in deeper to break it down by age and location and visualize it for you!

I have this bad habit of comparing myself to others and seeing if I need to try to do better or not.

Average Credit Score Canada

Average Credit Score across Canada

Credit score is considered private information, meaning that they can't be used if individuals don't give consent for them to be shared.

That's why there is no accurate answer to the question "What is the average credit score Canada?"

Fortunately, we can get an estimate by surveying large groups of people in Canada.

And we are in luck! Borrowell has done that for us!

After they surveyed over two million people the average credit score came to 672 (equivalent to a fair credit score)

Now you might be happy or discouraged by seeing this number.

But wait...

Age and the place you live in play an important role in the credit score of that group of people.

And it's more practical to compare yourself with people in similar location to you.

It's not that surprising for someone around the age of 60 to have a higher credit score than a person in their early twenties.

With that, let's dive right in!

What is a average credit score in Canada by province and City

To answer questions like what is a good credit score in Ontario or any other province we need to group the answers from the two million people that were in the same province together.

British Columbia had the highest score, coming first with an average credit score of 693.

Quebec and Ontario were next with the scores of 687 and 685 respectively.

In the last place, we have New Brunswick with a score of 649.

What is average credit score Canada by age

Equifax also did a study on the credit score of different age groups.

The results are not all that surprising. As people grow older, they become more financially stable, which means their score increases.

I have a credit score much lower than the average score. What can I do?

It might be discouraging to see that your score is lower than the average.

But don't worry!

The first thing you need to always remember is what you are planning to use your credit score for.

If you are not planning to buy an expensive house or getting a high limit credit card in the upcoming months, then you have plenty of time to improve it.

Ultimately, what you must be aiming for depends on what use cases you have for your score.

Any helpful resources?

There are tons of resources out there that talk about what things affect your credit score. has a great article about what affects your credit score and how to improve it which is one of my favorite resources.

Investopedia is a great resource for learning more about what factors contribute to your credit score and ways to improve it.

Equifax, which is one of the official credit score providers, also provides lots of useful information about improving your credit score.

If you'd like a new credit card to help bring your credit score up from a very low score, consider the Fidem Mastercard, which is designed to help improve your credit score.

Any helpful tips?

A very short version of it is to try to pay your debts on time which can be broken down into spending more responsibly.

One thing that can help you save more money is the Finly mobile App.

Powered by an AI, it will analyze your spending habits and run simulations on all the available credit cards in Canada to see which ones are the best for you.

Most of our users save hundreds of dollars each year by using it.


The answer to the question what is a average credit score in Canada is very simple, but fails to fully paint the full picture.

While the average score is 672 in Canada, you need to consider both your location and age to create a more realistic goal.

Let me know if you found this helpful in the comments.

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I hope you enjoy reading this article.

If you want to find your best credit cards and maximize rewards, book a session now.

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