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 decreased for the third year in a row in 2022, reaching tan all-time low. As of December 2022, the rate of mortgage arrears was 0.15 percent, down from 0.42 percent in 2009, when the highest rate was observed. Among the different provinces, the arrears rate was the highest in Saskatchewan at 0.63 percent in December 2023.

Following the drastic increase directly after the COVID-19 pandemic, the delinquency rate started to gradually decline, falling to 3.37 percent in the second quarter of 2023. In the four quarters, the delinquency rate increased slightly, reaching 3.97 percent. That was significantly lower than the 8.22 percent during the onset of the COVID-19 pandemic in the second quarter of 2020 or the peak of 9.3 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 are eventually able to service their loan, though, as indicated by the markedly lower foreclosure rates. Total home mortgage debt in the U.S. stood at almost 13 trillion U.S. dollars in 2023. 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 26 percent around this time. These higher delinquency rates translate into higher foreclosure rates, which peaked at just under 15 percent of all subprime mortgages in 2011.

Consumer Credit in Canada decreased to 775954 CAD Million in January from 784448 CAD Million in December of 2024. This dataset provides - Canada Consumer Credit - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This Gallup poll seeks the opinions of Canadians on leading political issues of the day. The tone of the questions is entirely political, with major subjects including serious crimes, juvenile delinquency, bilingualism, and government. The respondents were also asked questions so that they could be grouped according to geographic, demographic, and social variables. The topics of interest include: ambitions for the next year; Commission on Bilingualism and Biculturalism; federal elections; farmers getting a fair deal from the provinces; increase in juvenile delinquency; Lester B. Pearson's performance as Prime Minister; Liberal government's performance; whether the minority government should try to avoid an election; official recognition of bilingualism; people working multiple jobs; relations with the United States; seriousness of various crimes; two party political system in Canada; union membership; and voting membership. Basic demographics variables are also included.

Monthly credit aggregates for the household sector, by category.

These rates are established under Section 11(3) of the Taxation (Rural Area) Act. The rates are also applicable to Sections 412 and 417 of the Local Government Act and Section 245, 246 and 254 of the Community Charter. These rates are calculated by adding three percent to the prime lending rate (as of the 15th of the month preceding the effective date) of the principal banker to the Province.

In 2018, Mortgage Investment Corporations (MICs) in Canada had an average lending rate of 9.8 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.