In 2022, the delinquency rates of all types of mortgage lenders in Canada declined. As of the second quarter of the year, approximately 0.69 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 2022 by type
Characteristic
Q2 2020
Q2 2021
Q2 2022
MIEs
1.05%
0.86%
0.69%
Other non-bank lenders (MFCs, trusts, insurance companies)
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Canada Mortgage and Housing Corporation. (November 30, 2022). Delinquency rates of lenders in Canada form 2nd quarter 2020 to 2nd quarter 2022 by type [Graph]. In Statista. Retrieved July 27, 2024, 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 2022 by type." Chart. November 30, 2022. Statista. Accessed July 27, 2024. 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 2022 by type. Statista. Statista Inc.. Accessed: July 27, 2024. 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 2022 by Type." Statista, Statista Inc., 30 Nov 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 2022 by type Statista, https://www.statista.com/statistics/1085831/delinquency-rates-of-lenders-in-canada-by-type/ (last visited July 27, 2024)
Delinquency rates of lenders in Canada form 2nd quarter 2020 to 2nd quarter 2022 by type [Graph], Canada Mortgage and Housing Corporation, November 30, 2022. [Online]. Available: https://www.statista.com/statistics/1085831/delinquency-rates-of-lenders-in-canada-by-type/