Tag: Canadian Arrears

Canada

Canadian Mortgage Delinquencies Fall In 26 Cities, As Markets Flood With Cheap Credit

March 8, 2021

Canada may have elevated unemployment levels, but mortgage delinquencies are dropping. Canada Mortgage and Housing Corporation (CMHC) data shows mortgage delinquencies for Q4 2020. The majority of cities, 26 in total, saw the rate of delinquency lower than last year. Only 5 markets saw the rate rise, as a combination of low rates and mortgage […]

Canada

Canadian Rate of Mortgages In Arrear Hits 1990 Low, But Climbs In Ontario and BC

March 1, 2021

Canada’s low mortgage arrears rate isn’t as easy to unpack as it usually is. The Canadian Bankers Association (CBA) mortgage arrears rate dropped in November. That’s generally a good thing, but there’s a little more to it this time. Mortgages in arrears are rising in Ontario and B.C., but the rate is low due to […]