In 2022, fintech company Borrowell surveyed two million of its members and found that the average credit score in Canada that year was 672, five points higher than in 2021. Per the survey data, Quebec ranked third among the provinces, behind Ontario and British Columbia, with average scores of 687 in Montreal, 683 in Quebec City, 679 in Laval, and 663 in Gatineau.
There’s no magic number, but knowing the averages can help you get an idea of where you stand and explore ways to improve your credit rating.