05/28/2026
Mortgage delinquency balances are up 32 per cent nationally year-over-year, with Ontario leading the country at 52 per cent, according to a new Equifax Canada report.
As more homeowners fall behind on payments, understanding your legal options before a situation becomes critical can make a significant difference in the outcome.
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Canadians are increasingly struggling to pay their mortgages, particularly in high-priced Ontario and British Columbia markets, a new report from Equifax Canada says. Mortgage delinquency balances are up 32 per cent nationally compared with last year.