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 *************, the rate of mortgage arrears was **** percent, down from **** percent in 2009, when the highest rate was observed. Among the different provinces, the arrears rate was the highest in Saskatchewan at **** percent in *************.

These data tables give you an overview of mortgage delinquency rates for your research. You’ll find delinquency rates for mortgages in Canada, the provinces and select Census Metropolitan Areas (CMAs). This data can enable you to determine a baseline for delinquency rates pre-Covid.

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.

United States - Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks was 1.78% in January of 2025, according to the United States Federal Reserve. Historically, United States - Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks reached a record high of 11.49 in January of 2010 and a record low of 1.41 in October of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks - last updated from the United States Federal Reserve on July of 2025.

Monthly credit aggregates for the household sector, by category.

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

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.

Percent of British Columbia Student Loan borrowers from British Columbia's public 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.

The high interest rate environment experienced over the five years to 2025, along with overall economic growth, has benefitted the Commercial Banking industry in Canada. Banks have done an exceptional job diversifying revenue streams, due to higher interest rates and increasing regulations. The industry primarily generates revenue through interest income sources, such as business loans and mortgages, but it also generates income through noninterest sources, which include fees on a variety of services and commissions. Industry revenue has been growing at a CAGR of 13.9% to $490.4 billion over the past five years, with an expected decrease of 0.3% in 2025 alone. In addition, profit, measured as earnings before interest and taxes, is anticipated to climb throughout 2025 due to the decreased provisions for credit losses (PCL). Industry revenue generated by interest income sources depends on demand for loans by consumers and the interest banks can charge on that capital it lends out. Therefore, high interest rates have enabled banks to increasingly charge for loans. However, the recent rate cuts in the latter part of the period have limited the price banks can charge for loans, hindering the interest income from these loans, although, with lower rates, commercial banks are anticipated to encounter growing loan volumes. Also, technological innovations have disrupted traditional banking features. The growing trends of online and mobile banking have increased customer engagement and loyalty, which has further aided the industry's expansion. Over the five years to 2030, projected interest rate declines and improvements in corporate profit are still anticipated to boost interest income from lending products. However, the remarkable debt levels of Canadian households make it increasingly likely that a period of deleveraging will begin over the next five years. Quicker growth rates in household debt and consumer spending are expected to increase interest income. In addition, improving macroeconomic conditions, such as unemployment and private investment, are expected to further boost revenue. Nonetheless, industry revenue is forecast to grow at a CAGR of 1.7% to $532.5 billion over the five years to 2030.

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 Get more information about OSAP loan default rates. *[OSAP]: Ontario Student Assistance Program