TransUnion says the $1,525 jump from the end of 2011 was the biggest year-to-year fourth-quarter increase since 2008.
The quarterly analysis estimates the average Canadian owed a total of $27,485 as of Dec. 31 for things like car loans and leases, credit cards and lines of credit.
British Columbia was the only province to show a decline, of just under one per cent.
The provinces with the biggest increases were Alberta (11.2 per cent), Quebec (9.4 per cent) and Prince Edward Island (nine per cent).
Albertans also had the highest average debt at $37,377 — nearly $10,000 above the national average, although British Columbia residents were close at $37,244.
Still, TransUnion noted that delinquency levels continue to remain low.
According to the last calculation from Statistics Canada, the average household owes 165 per cent more than it earns in annual disposable income, meaning an average family with $100,000 annual disposable income owes $165,000.
Bank of Canada governor Mark Carney and Finance Minister Jim Flaherty have repeatedly warned Canadians that interest rates will eventually rise, pushing up the cost of borrowing.
While Carney hasn't moved off that message, he modified it slightly last month.
In January, the Bank of Canada said interest rates will need to stay at low levels longer after conceding it misjudged the strength of the economy and reduced its outlook for inflation.
It felt free to issue such an advisory, the central bank said, in part because it was less worried about those record levels of consumer debt and the housing market, both of which economists have said appear to be moderating.
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