1. Executive Introduction With average new vehicle transaction prices hovering near $45,000 CAD, an increasing proportion of Canadian buyers are opting for extended loan terms of 7 years (84 months) or 8 years (96 months) to achieve manageable monthly payments.
The consumer credit market in Canada is witnessing a striking divergence in vehicle financing: while aggregate debt balances continue to surge to unprecedented levels, origination volumes of new loans are experiencing a noticeable contraction. Data from Equifax Canada Market Pulse
The automotive financing landscape across the United States and Canada is undergoing a significant transformation. Between record-high vehicle prices, extended amortization periods, and shifting credit underwriting policies unveiled at major industry forums like the Auto Finance Summit 2026, both consumers
1. Navigating the 2026 Canadian Pre-Owned Auto Market Before setting foot on a dealership lot or browsing online classifieds, knowing the market terrain is critical. The Canadian used vehicle landscape has evolved substantially post-pandemic, and baseline price points remain elevated.
We are a loan originating software (LOS)
designed to streamline and automate the
lending process for all types of federally
regulated financing products.
