Canada: rate of mortgage arrears by province 2008-2022

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

Characteristic	Atlantic	Quebec	Ontario	Manitoba	Saskatchewan	Alberta	British Colombia	Canada
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Release date

July 2023

More information

Region

Canada

Survey time period

2008 to 2022

Special properties

as of December of each year

Supplementary notes

Mortgage arrears is three or more months.
Figures from BMO, CIBC, HSBC Bank Canada, National Bank of Canada, RBC Royal Bank, Scotiabank, and TD Canada Trust. Canadian Western Bank, Manulife Bank (as of April 2004) and Laurentian Bank (as of October 2010).

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