The Canadian Bankers Association published an explainer on homeownership and responsible borrowing that defines mortgage “in arrears” and summarises recent national delinquency data. It reports that, as of December 2025, the national arrears rate for mortgages overdue by 90 days or more was 0.26%, and that more than 99% of bank mortgage holders in Canada are not considered seriously delinquent. The overview defines “in arrears” as mortgage payments overdue by three or more months and frames the 90+ day arrears rate as an indicator of household financial stress. While noting arrears rates have edged upward in recent months, it states they remain close to historic lows and below levels in the United States and the United Kingdom. The CBA links potential increases in missed payments to labour market weakening, and describes bank support options for borrowers facing hardship, including advice and flexible repayment arrangements such as lump-sum payments, switching from variable-rate to fixed-rate mortgages, loan consolidation, and lengthening amortization, alongside referrals to not-for-profit credit counselling where appropriate.
Canadian Bankers Association 2026-02-27
Canadian Bankers Association publishes overview of mortgage arrears showing 0.26% national rate
The Canadian Bankers Association released an explainer on homeownership and responsible borrowing, highlighting that as of December 2025, the national mortgage arrears rate for payments overdue by 90 days or more was 0.26%. The report notes that while arrears rates have slightly increased, they remain near historic lows and below those in the U.S. and U.K. It also outlines bank support options for borrowers, including flexible repayment arrangements and credit counselling referrals.