The share of mortgages in arrears in Canada decreased for the third year in a row in 2022, reaching tan all-time low. As of December 2022, the rate of mortgage arrears was 0.15 percent, down from 0.42 percent in 2009, when the highest rate was observed. Among the different provinces, the arrears rate was the highest in Saskatchewan at 0.63 percent in December 2023.
Rate of arrears to total number of mortgages in Canada from 2008 to 2022, by province
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- Rate of arrears to total number of mortgages Saskatchewan 2009-2022
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Canadian Bankers Association. (July 17, 2023). Rate of arrears to total number of mortgages in Canada from 2008 to 2022, by province [Graph]. In Statista. Retrieved June 10, 2024, from https://www.statista.com/statistics/590972/rate-of-arrears-to-total-number-of-mortgages-canada/
Canadian Bankers Association. "Rate of arrears to total number of mortgages in Canada from 2008 to 2022, by province." Chart. July 17, 2023. Statista. Accessed June 10, 2024. https://www.statista.com/statistics/590972/rate-of-arrears-to-total-number-of-mortgages-canada/
Canadian Bankers Association. (2023). Rate of arrears to total number of mortgages in Canada from 2008 to 2022, by province. Statista. Statista Inc.. Accessed: June 10, 2024. https://www.statista.com/statistics/590972/rate-of-arrears-to-total-number-of-mortgages-canada/
Canadian Bankers Association. "Rate of Arrears to Total Number of Mortgages in Canada from 2008 to 2022, by Province." Statista, Statista Inc., 17 Jul 2023, https://www.statista.com/statistics/590972/rate-of-arrears-to-total-number-of-mortgages-canada/
Canadian Bankers Association, Rate of arrears to total number of mortgages in Canada from 2008 to 2022, by province Statista, https://www.statista.com/statistics/590972/rate-of-arrears-to-total-number-of-mortgages-canada/ (last visited June 10, 2024)
Rate of arrears to total number of mortgages in Canada from 2008 to 2022, by province [Graph], Canadian Bankers Association, July 17, 2023. [Online]. Available: https://www.statista.com/statistics/590972/rate-of-arrears-to-total-number-of-mortgages-canada/