Mortgages in arrears in Canada – what the numbers mean

Mortgages in Arrears in Canada – What the Numbers Mean

Mortgage arrears in Canada continue to stay at historically low levels, particularly when compared with other countries. This stability suggests that most homeowners are still managing their financial obligations effectively.

While there is a possibility of arrears rising if the Canadian job market weakens, major banks have expressed their commitment to assist customers during financial hardships, as they have consistently done in earlier downturns.

“Banks remain committed to supporting their customers through periods of financial stress, as they have in the past.”

Summary

Canadian mortgage arrears remain low, with banks prepared to help borrowers if economic conditions or employment rates decline.

more

Canadian Bankers Association Canadian Bankers Association — 2025-10-31

More News