delinquencies

Ben Tal explored Canadian credit market risks

Canada’s credit market risks are on the rise, but CIBC’s Tal sees reasons for optimism

March 21, 2024 No Comments

Despite elevated credit market risks and rising delinquency rates, CIBC’s Ben Tal sees reasons for optimism.

Mortgage delinquencies on the rise, says Equifax Canada

Equitable Bank’s mortgage arrears rate triples amid surge in renewals

March 11, 2024 No Comments

Equitable Bank saw its mortgage arrears rate triple over the past 12 months now that a majority of its clients have renewed at higher interest rates.

Equifax logos are shown on paper in Toronto on Oct.17, 2019. Equifax Canada says Ontario and British Columbia saw mortgage delinquency rates soar in the fourth quarter of 2023, surpassing pre-pandemic levels.THE CANADIAN PRESS/Christopher Katsarov Equifax logos are shown on paper in Toronto on Oct.17, 2019. Equifax Canada says Ontario and British Columbia saw mortgage delinquency rates soar in the fourth quarter of 2023, surpassing pre-pandemic levels.THE CANADIAN PRESS/Christopher Katsarov

B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says

March 6, 2024 No Comments

Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said.

The latest in mortgage news: BC government unveils details of its proposed home-flipping tax

February 26, 2024 No Comments

The British Columbia government today unveiled additional details of its proposed house flipping tax that was introduced in last week’s budget.

High interest rates impacting Canadians love life

Latest in mortgage news: 50% of Canadians say high interest rates are negatively impacting their love life

February 12, 2024 1 Comment

As Cupid readies his arrows for Valentine’s Day, a new survey has uncovered that high interest rates are taking their toll on Canadians’ romantic life

Mortgage delinquencies for large balances

Delinquencies rising for borrowers with $400k+ mortgages, CMHC report shows

November 17, 2023 2 Comments

While overall mortgage delinquency rates remain near historic lows, figures show an upward trend this year for borrowers with larger balances.

Early-stage delinquencies for all credit products are on the rise: Equifax

September 14, 2023 1 Comment

Early-stage delinquencies on both mortgage and non-mortgage debt continued to rise in the second quarter, a sign that high interest rates are increasingly weighing on Canadian borrowers.

BMO & CIBC hike fixed rates, and more lenders could join them as bond yields rise

June 7, 2023 No Comments

Numerous lenders continued to raise fixed mortgage rates this week, including several big banks, and more hikes could be on the way as short-term bond yields hit a 15-year high.

RBC sees mortgage delinquencies rising nearly 30% in the coming year

May 9, 2023 No Comments

After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.

Mortgage originations falling, says Equifax

Non-mortgage debt and delinquencies on the rise: Equifax

April 7, 2023 No Comments

High interest rates have applied the brakes to Canada’s housing market, with mortgage originations down nearly 40% compared to a year earlier.