The mortgage arrears rate in Quebec reached a record-low in 2022. As of December, 0.11 percent of mortgage loans were in arrear. This percentage was the highest in 2015 when 0.37 percent of mortgages were in arrears. Overall, Quebec is one of the provinces with the the lowest arrear rates in the country.
Rate of arrears to total number of mortgages in Quebec from 2009 to 2022
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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Canadian Bankers Association. (July 17, 2023). Rate of arrears to total number of mortgages in Quebec from 2009 to 2022 [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/591033/rate-of-arrears-to-total-number-of-mortgages-quebec/
Canadian Bankers Association. "Rate of arrears to total number of mortgages in Quebec from 2009 to 2022." Chart. July 17, 2023. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/591033/rate-of-arrears-to-total-number-of-mortgages-quebec/
Canadian Bankers Association. (2023). Rate of arrears to total number of mortgages in Quebec from 2009 to 2022. Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/591033/rate-of-arrears-to-total-number-of-mortgages-quebec/
Canadian Bankers Association. "Rate of Arrears to Total Number of Mortgages in Quebec from 2009 to 2022." Statista, Statista Inc., 17 Jul 2023, https://www.statista.com/statistics/591033/rate-of-arrears-to-total-number-of-mortgages-quebec/
Canadian Bankers Association, Rate of arrears to total number of mortgages in Quebec from 2009 to 2022 Statista, https://www.statista.com/statistics/591033/rate-of-arrears-to-total-number-of-mortgages-quebec/ (last visited September 20, 2024)
Rate of arrears to total number of mortgages in Quebec from 2009 to 2022 [Graph], Canadian Bankers Association, July 17, 2023. [Online]. Available: https://www.statista.com/statistics/591033/rate-of-arrears-to-total-number-of-mortgages-quebec/