mortgage delinquency rate

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.

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.

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.

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