More Canadians Are Missing Mortgage Payments
Equifax Canada reveals mortgage delinquency rates are rising across the country
The cost of living, debt loads, and higher interest rates as key factors behind Canadians’ growing financial strain, especially in Ontario and B.C.
A lot more Canadians are missing their mortgage payments now compared to last year, and one expert says the debt increase reveals deeper economic struggles, especially in certain markets across the country.
Equifax Canada’s 2026 Market Pulse report, published earlier this week, has revealed that the country’s overall mortgage delinquency rate reached 0.28 per cent in the first quarter of 2026, a 32 per cent increase from last year at this time.
Last year, Canada’s Food Price Report (CFPR) predicted that the average family of four will be spending $17,571.79 in groceries in 2026, which is nearly a $1,000 increase from the year before.
At the same time, Vividata’s Study of the Canadian Consumer Winter 2026, revealed earlier this year that 49 per cent of Canadians are living paycheque to paycheque, with no disposable income left at the end of the month.
The aggregate details:
- Equifax Canada’s latest report found the country’s mortgage delinquency rate rose 32 per cent year-over-year in Q1 2026, with Ontario and B.C. seeing some of the sharpest increases.
- One expert says rising housing costs, grocery prices, and stagnant wages are leaving more Canadians unable to keep up with essential payments.
- Mortgage renewals at higher interest rates, combined with other variable-rate debt, are increasing financial pressure on households nationwide.
- The expert warns economic uncertainty tied to inflation, tariffs, and global conflict could continue pushing debt and insolvency rates higher.
Full Read:
- nowtoronto.com
- https://nowtoronto.com/real-estate/canadians-missing-mortgage-payments-more-than-last-year/
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