Tag: mortgage delinquencies Canada
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Canadian Banks Now Relying on Home Sales to Recover $7B in Losses
Canada’s housing downturn is beginning to show up in a new and concerning way. According to a recent report from Better Dwelling, Canadian banks are increasingly relying on selling homes from delinquent borrowers to recover losses, with billions now tied to distressed real estate. New data suggests this trend is accelerating quickly. Banks Now Expecting…
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Canadian Mortgage Arrears Hit A 5-Year High
February 3, 2026 Canadian households are starting to feel the strain of higher borrowing costs, and the country’s major banks are seeing it show up in their books. New data from the Canadian Bankers Association (CBA) reveals that the national mortgage arrears rate increased again in November, reaching its highest level in five years. While…
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Ontario Sees Surge in Unpaid Bills as Debt Levels Rise
A new report has shed light on the growing financial struggles of Canadians, revealing that an increasing number of people are unable to keep up with their major financial obligations. Among the hardest-hit provinces, Ontario stands out, with mortgage delinquencies soaring to unprecedented levels. According to data from Equifax Canada, consumer debt nationwide grew by…
Canada Housing Market 