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Canada Mortgage and Housing Corp. says the national mortgage delinquency rate was 0.22% in the second quarter, down from 0.23% in the first.\u00a0<\/p>\n
The percentage of households more than 90 days behind on payments has been slowly creeping up in recent years, rising from 0.14% in 2022, as many homeowners renew mortgages at higher rates.<\/p>\n
CMHC says the national decline came as repayment trends improved in Atlantic Canada, Quebec and the Prairie provinces, while Ontario saw an increase with delinquencies in Toronto up 60% compared with a year earlier at 0.24% in the second quarter.<\/p>\n
Borrowers have had some relief as interest rates have trended down, but CMHC notes there is still a wave of renewals going through at higher rates, including over 750,000 in the second half of this year and another 1.15 million in 2026.<\/p>\n
It notes that the average rate on a five-year fixed rate uninsured mortgage was 2.36% in July 2020, compared with 3.95% this past July.<\/p>\n
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Canada Mortgage and Housing Corporation CMHC mortgage arrears mortgage delinquency rate<\/p>\n
Last modified: November 19, 2025<\/p>\n<\/p><\/div>\n