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 *************.

This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...).

Evaluate Canada’s best mortgage rates in one place. RATESDOTCA’s Rate Matrix lets you compare pricing for all key mortgage types and terms. Rates are based on an average mortgage of $300,000

Rates have been trending downward in Canada for the last five years. The ebbs and flows are caused by changes in Canada’s bond yields (driven by Canadians economic developments and international rate movements, particularly U.S. rate fluctuations) and the overnight rate (which is set by the Bank of Canada). As of August 2022, there has been a 225 bps increase in the prime rate, since beginning of year 2022, from 2.45% to 4.70% as of Aug 24th 2022. The following are the historical conventional mortgage rates offered by the 6 major chartered banks in Canada in the past 20 years.

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

Statistics on student debt, including the average debt at graduation, the percentage of graduates who owed large debt at graduation and the percentage of graduates with debt who had paid it off at the time of the interview, are presented by the province of study and the level of study. Estimates are available at five-year intervals.

Assets and debts held by family units and by age groups, total amounts.