In 2023, the delinquency rates of all types of mortgage lenders in Canada increased. As of the fourth quarter of the year, approximately 1.05 percent of loans in the loan portfolios of mortgage investment entities (MIEs) were classified as delinquent, which was a decrease from the 0.78 percent delinquency rate a year ago. A loan is reported by lenders as being delinquent after 270 days of late payments.

The share of mortgages in arrears in Canada reached an all-time low in 2022, followed by an increase until 2025. As of **********, the rate of mortgage arrears was **** percent, up from **** percent in September 2022.

Following the drastic increase directly after the COVID-19 pandemic, the delinquency rate started to gradually decline, falling below *** percent in the second quarter of 2023. In the second half of 2023, the delinquency rate picked up but remained stable throughout 2024. In the second quarter of 2025, **** percent of mortgage loans were delinquent. That was significantly lower than the **** percent during the onset of the COVID-19 pandemic in 2020 or the peak of *** percent during the subprime mortgage crisis of 2007-2010. What does the mortgage delinquency rate tell us? The mortgage delinquency rate is the share of the total number of mortgaged home loans in the U.S. where payment is overdue by 30 days or more. Many borrowers eventually manage to service their loan, though, as indicated by the markedly lower foreclosure rates. Total home mortgage debt in the U.S. stood at almost ** trillion U.S. dollars in 2024. Not all mortgage loans are made equal ‘Subprime’ loans, being targeted at high-risk borrowers and generally coupled with higher interest rates to compensate for the risk. These loans have far higher delinquency rates than conventional loans. Defaulting on such loans was one of the triggers for the 2007-2010 financial crisis, with subprime delinquency rates reaching almost ** percent around this time. These higher delinquency rates translate into higher foreclosure rates, which peaked at just under ** percent of all subprime mortgages in 2011.

This table contains 102 series, with data starting from 2013, and some select series starting from 2016. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Components (51 items: Total, funds advanced, residential mortgages, insured; Variable rate, insured; Fixed rate, insured, less than 1 year; Fixed rate, insured, from 1 to less than 3 years; ...), and Unit of measure (2 items: Dollars; Interest rate). For additional clarification on the component dimension, please visit the OSFI website for the Report on New and Existing Lending.

Percent of British Columbia Student Loan borrowers from British Columbia's private post-secondary institutions who have consolidated their loans and failed to fulfill repayment responsibilities. Data available by institution. Five-year consolidation cohorts, Fiscal Years 2003/04 - 2007/08 to 2007/08 - 2011/12.

Monthly credit aggregates for the household sector, by category.

In 2018, Mortgage Investment Corporations (MICs) in Canada had an average lending rate of *** percent. MICs are investment vehicles which allow their shareholders to collectively invest in a large pool of residential and commercial mortgage investments. They typically have higher delinquency rates than traditional lenders such as banks and credit unions.

Debt service ratios, interest and obligated principal payments on debt, and related statistics for households, Canada.

Data on the number of OSAP loan recipients who received repayment assistance:

• 2010-11 OSAP loan recipients who received repayment assistance before July 2013.
• 2011-12 OSAP loan recipients who received repayment assistance before July 2014.
• 2012-13 OSAP loan recipients who received repayment assistance before July 2015.
• 2013-14 OSAP loan recipients who received repayment assistance before July 2016.
• 2014-15 OSAP loan recipients who received repayment assistance before July 2017.
• 2015-16 OSAP loan recipients who received repayment assistance before July 2018.
• 2016-17 OSAP loan recipients who received repayment assistance before July 2019.
• 2017-18 OSAP loan recipients who received repayment assistance before July 2020.

Data is presented at the following levels:

• all of Ontario
• postsecondary sector
• individual postsecondary institution
• individual program of individual postsecondary institution

Data fields are:

• postsecondary sector (university, college of applied arts and technology, private career college, other private or publicly funded postsecondary institutions)
• institution name
• program name (starting with the 2014 rates)
• number of OSAP loan recipients who last received an OSAP loan in 2010-11, 2011-12, 2012-13, 2013-14, 2014-15, 2015-16, 2016-17, and 2017-18
• number of Repayment Assistance Plan participants as of July 2013, July 2014, July 2015, July 2016, July 2017, July 2018, July 2019, and July 2020
• repayment assistance participation rate for 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020

"https://osap.gov.on.ca/OSAPPortal/en/PlanYourEducation/ChooseaCareerSchoolProgram/PRDR022574.html">Get more information about OSAP loan default rates.

*[OSAP]: Ontario Student Assistance Program