Canada Mortgage and Housing Corp. says the national mortgage delinquency rate was 0.22% in the second quarter, down from 0.23% in the first.
The percentage of households more than 90 days behind on payments has been slowly creeping up in recent years, rising from 0.14% in 2022, as many homeowners renew mortgages at higher rates.
CMHC says the national decline came as repayment trends improved in Atlantic Canada, Quebec and the Prairie provinces, while Ontario saw an increase with delinquencies in Toronto up 60% compared with a year earlier at 0.24% in the second quarter.
Borrowers have had some relief as interest rates have trended down, but CMHC notes there is still a wave of renewals going through at higher rates, including over 750,000 in the second half of this year and another 1.15 million in 2026.
It notes that the average rate on a five-year fixed rate uninsured mortgage was 2.36% in July 2020, compared with 3.95% this past July.
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Canada Mortgage and Housing Corporation CMHC mortgage arrears mortgage delinquency rate
Last modified: November 19, 2025