Household saving rate가계 저축률

What is it?

The household saving rate (가계 저축률) shows, as a percentage, how much of the money households have they do not spend.

The money here is disposable income. It is income from wages, businesses, interest and so on, minus income tax and payments such as pension and employment insurance contributions, plus money received from governments (for example Old Age Security or Employment Insurance benefits). Put simply, it is the money you are free to spend.

What is left of disposable income after spending is saving, and saving divided by disposable income is the saving rate. Statistics Canada describes it as net saving expressed as a percentage of disposable income.

What to know when you read the numbers

• It is an average for a whole country or province. It is not your own household’s rate; it adds up all households, mixing those who save a lot with those who borrow to spend.
• It can be negative (a minus number). That means spending was larger than disposable income. This was the case in Newfoundland and Labrador and Nova Scotia in 2025.
• Saving here is not only bank deposits. It is all money not spent, so money used to pay down debt (principal) also counts as saving.
• The numbers get revised. Statistics Canada updates past years with new data each year. For example, Ontario’s 2024 saving rate was 4.1% in the November 2025 release but 2.6% in the November 2026 release.

Example: household saving rates (released November 5, 2026)

Figures are from Chart 2 (Table 36-10-0224-01) of Statistics Canada’s The Daily release of November 5, 2026. They come from one release, so the three years can be compared directly.

What it means for buyers

• The saving rate is linked to how fast people can build a down payment (the part of the price you pay with your own money, not a loan). But it is only a regional average; plan your own saving from your own income and spending.
• In 2025 Ontario (3.4%) was below the Canadian average (4.4%). Statistics Canada also noted that Ontario’s saving grew faster than average from a year earlier.
• A saving rate can rise for many reasons. Income may grow faster than spending, or people may spend less because they feel unsure. One number alone cannot tell you whether the economy is good or bad.