In 2021, delinquency rates of all types of mortgage lenders in Canada declined as the housing market headed for recovery from the coronavirus (COVID-19) crisis. As of the second quarter of the year, approximately 0.86 percent of loans in the loan portfolios of mortgage investment entities (MIEs) were classified as delinquent, which was a decrease from the 1.05 percent delinquency rate in the second quarter of 2020. A loan is reported by lenders as being delinquent after 270 days of late payments.
Delinquency rates of lenders in Canada form 2nd quarter 2020 to 2nd quarter 2021, by type
Characteristic
Q2 2020
Q2 2021
MIEs
1.05%
0.86%
Other non-bank lenders (MFCs, trusts, insurance companies)
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Canada Mortgage and Housing Corporation. (January 25, 2022). Delinquency rates of lenders in Canada form 2nd quarter 2020 to 2nd quarter 2021, by type [Graph]. In Statista. Retrieved June 29, 2022, from https://www.statista.com/statistics/1085831/delinquency-rates-of-lenders-in-canada-by-type/
Canada Mortgage and Housing Corporation. "Delinquency rates of lenders in Canada form 2nd quarter 2020 to 2nd quarter 2021, by type." Chart. January 25, 2022. Statista. Accessed June 29, 2022. https://www.statista.com/statistics/1085831/delinquency-rates-of-lenders-in-canada-by-type/
Canada Mortgage and Housing Corporation. (2022). Delinquency rates of lenders in Canada form 2nd quarter 2020 to 2nd quarter 2021, by type. Statista. Statista Inc.. Accessed: June 29, 2022. https://www.statista.com/statistics/1085831/delinquency-rates-of-lenders-in-canada-by-type/
Canada Mortgage and Housing Corporation. "Delinquency Rates of Lenders in Canada Form 2nd Quarter 2020 to 2nd Quarter 2021, by Type." Statista, Statista Inc., 25 Jan 2022, https://www.statista.com/statistics/1085831/delinquency-rates-of-lenders-in-canada-by-type/
Canada Mortgage and Housing Corporation, Delinquency rates of lenders in Canada form 2nd quarter 2020 to 2nd quarter 2021, by type Statista, https://www.statista.com/statistics/1085831/delinquency-rates-of-lenders-in-canada-by-type/ (last visited June 29, 2022)
