The 10 Canadian Cities With the Highest Average Credit Scores in 2026
Quebec City has the highest average credit score of Canada's most populous cities at 723, and Quebec cities take four of the top 10 spots. The national average is 679 — and not one major city reaches the “very good” band.
Quick Answer
Quebec City has the highest average credit score of Canada's most populous cities, at 723, according to Borrowell's 2026 data. Montreal is second at 716, followed by Markham (714), Vancouver (704) and Laval (704). Canada's national average credit score is 679. At the other end of the study, Edmonton has the lowest average of the 20 cities measured, at 646.
This ranking uses Borrowell's 2026 data on average credit scores in Canada's 20 most populous cities, drawn from more than 4 million Borrowell members. Borrowell is a Canadian credit app that gives members their Equifax credit score. Canadian credit scores run from 300 to 900: 660 to 724 counts as good, 725 to 759 as very good, and 760 and above as excellent. Every city in this top 10 sits in the good band — even first-placed Quebec City, at 723, falls two points short of very good. Quebec is the story of the ranking: its cities take four of the top 10 spots, while Ontario takes five and British Columbia one.
Why cities, not provinces
Canada's credit bureaus do not publish official average credit scores by province. Provincial figures found online are estimates; Loans Canada, for example, averages Borrowell's city figures and puts Quebec first at about 707. Because the city figures come directly from Borrowell's member data, this ranking uses cities. The averages describe Borrowell members in each city, not every resident.
Average credit score by city, 2026
Source: Borrowell, 2026 member dataTap any city to jump to its full breakdown below.
Ranked #10 to #1
Gatineau
Across the river from Ottawa (702)- Average credit score:
- 684
- Category:
- Quebec
Gatineau averages 684, rounding out the top 10 and finishing five points above the national average of 679.
Gatineau is the fourth Quebec city in the top 10 — Quebec and Ontario together account for nine of the ten spots.
Source: Borrowell, 2026
Mississauga
Toronto's western neighbour in Peel Region- Average credit score:
- 687
- Category:
- Ontario
Mississauga averages 687, ninth in the study and the lowest of the five Ontario cities in the top 10.
Mississauga trails its GTA neighbour Markham by 27 points — a wide gap for two suburbs of the same city region.
Source: Borrowell, 2026
Toronto
Canada's largest city- Average credit score:
- 693
- Category:
- Ontario
Toronto averages 693 — above the national average of 679, but only eighth among the cities in this ranking.
Of Canada's three biggest cities, Toronto has the lowest average score: 693, behind Vancouver (704) and Montreal (716).
Source: Borrowell, 2026
Ottawa
Canada's capital- Average credit score:
- 702
- Category:
- Ontario
Ottawa averages 702, seventh in the ranking and one of seven cities in the study above 700.
Ottawa outscores its twin city across the provincial border, Gatineau, by 18 points (702 vs 684).
Source: Borrowell, 2026
Vaughan
GTA suburb, just north of Toronto- Average credit score:
- 703
- Category:
- Ontario
Vaughan averages 703, sixth in the ranking and the second-highest score in the Greater Toronto Area.
Vaughan is one of four GTA cities in the top 10, alongside Markham (3rd), Toronto (8th) and Mississauga (9th).
Source: Borrowell, 2026
Laval
Montreal's northern suburb- Average credit score:
- 704
- Category:
- Quebec
Laval averages 704, tied with Vancouver for fourth place and continuing Quebec's strong showing in the ranking.
Laval gives the Montreal area two of the top five spots, along with Montreal itself in second.
Source: Borrowell, 2026
Vancouver
The only BC city in the top 10- Average credit score:
- 704
- Category:
- British Columbia
Vancouver averages 704, tied with Laval for fourth — and it is the only city west of Ontario to make the top 10.
The highest-scoring Prairie city in the full study is Calgary, at 671 — 33 points behind Vancouver.
Source: Borrowell, 2026
Markham
GTA's highest-scoring city- Average credit score:
- 714
- Category:
- Ontario
Markham averages 714, third in the ranking and the highest average credit score in Ontario.
Markham scores 21 points higher than Toronto (714 vs 693), the city it borders.
Source: Borrowell, 2026
Montreal
Canada's second-largest city- Average credit score:
- 716
- Category:
- Quebec
Montreal averages 716, second in the ranking and the highest score of any of Canada's three biggest cities.
Montreal beats Toronto by 23 points — the two cities' averages sit in the same “good” band, but the gap is the largest between any of the big three.
Source: Borrowell, 2026
Quebec City
Quebec's capital- Average credit score:
- 723
- Category:
- Quebec
Quebec City averages 723, the highest average credit score of Canada's most populous cities and seven points clear of Montreal.
Even the top city's 723 is only in the “good” band — two points short of the 725 threshold for “very good.”
Source: Borrowell, 2026
What the numbers tell us
Quebec cities take four of the top 10 spots (Quebec City, Montreal, Laval, Gatineau) and Ontario five (Markham, Vaughan, Ottawa, Toronto, Mississauga), leaving Vancouver as the only western city. Across all 20 cities in Borrowell's study, the spread runs from Quebec City's 723 down to Edmonton's 646 — 77 points — yet every one of the top 10 sits in the same “good” band of 660 to 724.
- Data period:
- Borrowell 2026 study of Canada's most populous cities
- Last updated:
- October 22, 2026
- Sources:
- Borrowell, What is the average Canadian credit score? (February 4, 2026); Loans Canada, Average credit scores in Canada by province and city (updated June 19, 2026), for Equifax Canada's credit score bands
Cities are ranked by average credit score in Borrowell's 2026 data on Canada's 20 most populous cities, based on more than 4 million Borrowell members. Scores are on Canada's 300–900 scale and describe Borrowell members in each city rather than every resident; Borrowell does not publish how many members it counted in each city. Vancouver and Laval are tied at 704 and share fourth place. Canada's credit bureaus do not publish official provincial averages, which is why this ranking uses Borrowell's city-level data instead. Credit score bands (good 660–724, very good 725–759, excellent 760–900) are Equifax Canada's. The national average of 679 is Borrowell's 2026 figure, up from 667 in 2021.
Figures marked as estimates are based on publicly available information and may vary from other published sources.
Frequently Asked Questions
679 in 2026, according to data from more than 4 million Borrowell members, up from 667 in 2021. Canadian credit scores run from 300 to 900, and a score of 660 or above is considered good.