TORONTO - Credit rating agency Equifax Canada says average consumer debt increased 2.7 per cent to reach $72,950 at the end of 2019 as the pace of non-mortgage debt slowed.

Non-mortgage debt -- which includes credit cards, loans and lines of credit -- edged up one per cent to $23,800, largely due to lower use of lines of credit.

Non-mortgage debt increased most in Quebec, rising 2.03 per cent to $19,833, followed by Ontario at 1.91 per cent to $24,406. It decreased 1.46 per cent to $29,076 in Alberta and fell 1.12 per cent to $24,789 in Saskatchewan.

In the mortgage market, Equifax Canada said the average new loan reached $289,000 nationally in the fourth quarter of 2019, an increase of 7.2 per cent from the prior year. The average new mortgage in Toronto rose by a record 8.5 per cent to $448,000 while Vancouver mortgages rebounded from two years of decreases to gain 7.4 per cent to $455,000.

The national delinquency rate (the percentage of credit users missing at least three payments) rose to 1.19 per cent for non-mortgage debt, 11 per cent higher than 2018. The delinquency rate increased 14.4 per cent in British Columbia, 14 per cent in Ontario and 13.3 per cent in Alberta.

Mortgage delinquency rates were at 0.18 per cent at the end of 2019, the highest fourth-quarter level since 2016 but low in historical terms.