CMHC Fall Report: Ontario Mortgage Arrears Rise to 0.32% and Are Forecast to Reach 0.44% by June 2027
Toronto area, Ontario, Canada. Canada Mortgage and Housing Corporation (CMHC) released its Fall 2026 Residential Mortgage Industry Report on October 27. The report shows Ontario's mortgage arrears rate, loans 90 or more days past due, rose to 0.32% in the second quarter of 2026, up from 0.21% a year earlier and well above the 0.06% low of 2021-22.
Elsewhere, the arrears rate was 0.26% in British Columbia, 0.27% in Alberta and 0.19% in Quebec. The Toronto-area rate was 0.33%, up from 0.24% a year earlier, with pressure concentrated in the Greater Toronto-Hamilton Area and southwestern Ontario.
CMHC forecasts Ontario's arrears rate will keep rising, from 0.33% in June 2026 to 0.44% by June 2027, the largest increase of any province. In the Greater Toronto-Hamilton Area, 11.1% of private-lender mortgage balances were 90 or more days past due in early 2026, up from 3.0% in late 2023; private lenders account for about 1.8% of balances in the area.
The arrears rate measures the share of mortgages with payments 90 or more days past due.
Source: Canada Mortgage and Housing Corporation
Published by GSM · USA (original Chinese edition)
Photo: 图：安大略省 Markham 郊区住宅区航拍（资料图）。IDuke 摄，CC BY-SA 2.5，取自 Wikimedia Commons。 / Photo: An aerial view of a suburban neighbourhood in Markham, Ontario (file photo). By IDuke, CC BY-SA 2.5, via Wikimedia Commons.
