Globe and Mail ~ February 5th, 2026
The number of Canadians missing mortgage payments is growing but remains below historical norms, according to new data from Canada’s housing agency, suggesting that the country is weathering a wave of pandemic-era mortgage renewals better than expected.
Tania Bourassa-Ochoa, deputy chief economist at the Canada Mortgage and Housing Corp., warned that the mortgage arrears rate – the share of mortgage consumers who have missed payments for 90 days or more – is expected to worsen in 2026, especially in the country’s most expensive markets of Toronto and Vancouver.
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