Canada’s banks continue to see borrowers fall behind on their mortgage payments. Canadian Bankers Association (CBA) data shows the arrears rate rose in February, and now sits at double the pandemic lows. The volume of delinquencies has now reached its highest level in more than a decade. Canadian Delinquency Rate Reaches Double 2022 Lows Mortgage […]
Canada’s banks are still discovering the extent of the mortgage leverage problems their customers face. Canadian Bankers Association (CBA) data shows the mortgage arrears rate climbed in December, hitting a nearly 5-year high. The rate was driven by an abnormally large monthly jump in mortgages entering arrears. Canadian Mortgage Arrears Rate Approaches 5-Year High CBA […]
Canadians are behind on their bills, and the country’s banks have front row seats to this event. Canadian Bankers Association (CBA) data shows the arrears rate rose in November. It was only a small bump among its member banks, but enough to hit a 5-year high. Excluding the initial shock in 2020, the rate is […]
Canada’s big banks are seeing a sharp erosion in mortgage credit quality. Canadian Bankers Association (CBA) data shows mortgage arrears climbed sharply in October. The rate now sits at a five-year high, but the stress may be even worse than it appears. CBA member banks are holding fewer total mortgages, potentially signaling risk mitigation. Canadian […]
Canada’s banks aren’t worried about mortgage arrears—but should they be? The arrears rate climbed again in August, according to the Canadian Bankers Association (CBA), which represents the country’s largest lenders. Investors have brushed off the rise as a return to normal after record lows. What they may not realize is that the late 1980s also […]
Canadian debt problems are still surfacing despite a mad dash to slash rates and stimulate growth. Canadian Bankers Association (CBA) data shows mortgages in arrears climbed in January. Since setting a record low a few months ago, the arrears have climbed over 50% to hit the highest rate since 2021. Canadian Mortgage Arrears Today we’re […]
Canada’s largest mortgage lenders are in an unusually long-lasting rut. Canadian Bankers Association (CBA) data shows its members are seeing more mortgages fall into arrears in November. The arrears rate is now moving at one of the fastest paces ever recorded, rising from record lows to a 3-year high in a matter of months. At […]
Canadians went on a real estate shopping spree during the pandemic, and it’s been great for banks. Canadian Bankers Association (CBA) data shows mortgage accounts reached a record in April. Mortgages aren’t just getting larger, a lot more people are taking them out. The annual rate of growth for the number of accounts is now […]
Slow Canadian real estate sales may be starting to weigh on the country’s largest banks. Canadian Bankers Association (CBA) numbers show an annual decline in mortgages. The annual decline of mortgages is the first for the country’s largest lenders. Canadian Banks Hold Over 4 Million Mortgages Canada’s largest banks are seeing the number of mortgages […]
