What’s the Average Credit Score in Canada?

The average credit score in Canada is 679, according to 2026 data from more than four million Borrowell members.

Canadian credit scores generally range from 300 to 900, with higher scores indicating lower perceived credit risk.

KOHO Credit Builder

KOHO Credit Builder is designed to help Canadians establish or build their credit history through consistent monthly payments, without relying on a traditional credit card.

With KOHO Credit Builder, you can:

• +74 points average credit score increase seen using our credit building tools*
• Get approved without a hard credit check or minimum deposit
• Pay no interest on the line of credit
• Track your credit score and credit report directly in the KOHO app
• Build your credit history with monthly payments reported to the credit bureaus

What Is a Good Credit Score in Canada?

A common way to group Canadian credit scores is:

• 760 to 900: Excellent
• 725 to 759: Very good
• 660 to 724: Good
• 560 to 659: Fair
• 300 to 559: Poor

These ranges are only general guidelines. Individual lenders decide what they consider acceptable when approving credit.

Is 679 a Good Credit Score?

Yes. A score of 679 falls within the commonly used good credit range of 660 to 724.

That does not mean someone with a 679 score will automatically qualify for every credit product.

Lenders may also consider:

• Income
• Existing debt
• Payment history
• Credit utilization
• Length of credit history
• The type of credit you are applying for

Your credit score is only one part of a lender's decision.

Why Do Average Credit Score Numbers Differ?

You may see different averages reported depending on the source.

For example, the 679 figure comes from Borrowell's 2026 data and reflects its member population. Other studies may use different consumers, scoring models or credit bureau data.

Equifax and TransUnion can also produce different scores for the same person because they may hold different information and use different scoring models.

What Affects Your Credit Score?

Factors that can influence your score include:

• Payment history
• Amounts owed
• Credit utilization
• Length of credit history
• Types of credit accounts
• Recent credit applications

Paying bills on time and keeping balances manageable can help support a stronger credit profile.

Is 600 a Good Credit Score in Canada?

A score of 600 is generally considered fair.

You may still qualify for some loans or credit cards, but you may have fewer options or receive higher interest rates than someone with a stronger score.

Moving toward 660 or higher can improve your chances of qualifying for more competitive credit products.

Is 700 a Good Credit Score?

Yes.

A score of 700 is above the current 679 average and falls within the commonly used good range.

A 700 score can put you in a solid position for many mainstream credit products, although approval and rates will still depend on the lender.

How Can You Improve Your Credit Score?

Focus on the habits that affect your credit history over time:

• Pay bills on time
• Reduce high credit card balances
• Keep credit utilization low
• Avoid unnecessary credit applications
• Review your credit reports for errors
• Keep older accounts in good standing when practical

You can also check your credit report and score regularly without hurting your score when you use a consumer credit-checking service.

Should You Aim for the Average Credit Score?

The Canadian average is useful as a benchmark, but it should not be your goal.

A score above 679 can put you ahead of the current Borrowell average, but lenders care more about whether your overall credit profile meets their requirements.

Focus on building consistent payment history and keeping debt manageable rather than trying to reach a specific number.

*Based on users with a starting score of 450 or under and who used all of our credit building tools (i.e. Credit Building, Secured Credit Building) for 12+ months with on time payments. Credit building tools we offer are not a credit repair tool and does not guarantee an improvement in credit score. Credit scores are based on complex models involving a variety of factors. Consistent on-time payments help improve scores and missed or late payments may cause credit scores to decrease. Outcomes may vary among users.