The Canadian Bankers Association published an explainer on mortgages in arrears, highlighting that Canada’s arrears rate remains very low by historical and international standards. It reported a national mortgages-in-arrears (90 days and over) rate of 0.25% as of November 2025, while noting arrears could rise if Canada’s labour market weakens. The CBA defines “in arrears” as mortgage payments overdue by three or more months and describes arrears as an economic indicator of how households are managing debt. It stated that more than 99% of mortgage holders at a bank in Canada are not seriously delinquent, and that while arrears have edged up in recent months they remain close to historic lows and below levels in the United States and the United Kingdom. The note links missed payments to employment conditions and outlines borrower support options banks may offer during hardship, including advice and flexible repayment arrangements such as lump-sum payments, switching from variable-rate to fixed-rate mortgages, consolidation, or extending amortization, with referrals to not-for-profit credit counselling where appropriate.
Canadian Bankers Association 2026-01-30
Canadian Bankers Association explains Canada’s mortgage arrears data and reports a 0.25% arrears rate as of November 2025
The Canadian Bankers Association reported that Canada's national mortgages-in-arrears rate was 0.25% as of November 2025, remaining low by historical and international standards, though it may rise if the labour market weakens. The association highlighted that over 99% of mortgage holders are not seriously delinquent and outlined borrower support options during hardship, including flexible repayment arrangements and credit counselling referrals.