Story perspectives

Mortgage Delinquencies Spike 32% YoY, Insolvencies Hit 2009 High

5/27/2026

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Summary

Story summary

Mortgage delinquency rates rose in Q1 2026, to 0.36 percent in Ontario and 0.25 percent in British Columbia.
National delinquency balances grew 32 percent YoY, pushing the average delinquent mortgage balance to $355,500, a 13.2 percent rise, and the average non-mortgage delinquency to $54,000, a 4.6 percent increase.
Insolvency volumes hit their highest since 2009, up 18.8 percent YoY, with homeowner insolvencies at 4,512 (up 18.3 percent) and total consumer debt at $2.66 trillion (up 3.8 percent).

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Story summary

Mortgage delinquency rates rose in Q1 2026, to 0.36 percent in Ontario and 0.25 percent in British Columbia.
National delinquency balances grew 32 percent YoY, pushing the average delinquent mortgage balance to $355,500, a 13.2 percent rise, and the average non-mortgage delinquency to $54,000, a 4.6 percent increase.
Insolvency volumes hit their highest since 2009, up 18.8 percent YoY, with homeowner insolvencies at 4,512 (up 18.3 percent) and total consumer debt at $2.66 trillion (up 3.8 percent).