delinquencies Archives - Mortgage Rates & Mortgage Broker News in Canada

Rate hikes slow non-bank mortgage growth and fuel rise in arrears

April 23, 2025 No Comments

Non-bank lenders saw a continued move toward uninsured mortgages in Q4, alongside a steady rise in delinquencies.

OSFI warns of mortgage payment shocks as key risk to Canada’s financial system

March 14, 2025 No Comments

Canada’s banking regulator has flagged mortgage payment shocks as a significant risk to the country’s financial stability, citing the large volume of mortgages set for renewal in the coming years.

Mortgage market braces for impact as one million renewals loom and defaults climb

March 13, 2025 No Comments

Canada’s mortgage market is rebounding, with new originations up 39% year-over-year, according to Equifax’s latest Q4 Consumer Trends report.

Mortgage Digest: CREA updates 2025 forecast with higher sales and price growth

January 16, 2025 No Comments

A regular review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

2024 mortgage market: A year in review

December 31, 2024 No Comments

The past year marked a turning point for Canada’s housing and mortgage market, with rate hikes giving way to rate cuts, alongside numerous regulatory changes and new government program announcements.

Mortgage arrears forecast to rise in Toronto and Vancouver

Toronto and Vancouver mortgage arrears set to hit highest levels in 10 years, CMHC warns

November 14, 2024 1 Comment

Mortgage arrears in Toronto and Vancouver are on track to rise to levels not seen in over a decade, according to a new forecast from Canada’s housing agency.

Weekly Mortgage Digest, Canadian Mortgage Trends

Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say

October 1, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Mortgage arrears have yet to peak, but unlikely to reach long-term norm: BMO

July 29, 2024 No Comments

Despite a gradual rise, Canadian mortgage arrears are expected to remain manageable due to the economic recovery and the mortgage stress test

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

May 29, 2024 No Comments

CMHC says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4% year-over-year and representing the slowest growth in 23 years.

More Canadians only making minimum payment on credit cards: TransUnion

May 28, 2024 No Comments

An increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets.

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