🍁 Residential Mortgage Delinquency Rates in Canada's Six Largest Metro Areas (2012–2025)
A snapshot of mortgage health across Canada's six largest metro areas shows that delinquencies remain very low overall.
📊 Key observations:
- 🔹 Toronto: Reached its highest level in the past 13 years at 0.26% but still low
- 🔹 Montreal: Delinquency remains low at 0.16%, slightly above levels seen over the past four years
- 🔹 Vancouver: At a 9-year high of 0.18%, but well below 2012 levels
- 🔹 Calgary: At its lowest level in the past 13 years, likely supported by strong home price appreciation
- 🔹 Ottawa–Gatineau: Highest level in five years, yet still low at 0.15%
- 🔹 Edmonton: Highest among the six at 0.29%, though still at its lowest level over the past 13 years
📉 Bottom line:
Mortgage delinquency rates across major Canadian cities remain low, while the upward trend in Toronto highlights evolving housing conditions in the country's largest market.
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