519-646-2222Mortgages in arrears
Across Canada there are 11,249 Bank issued mortgages in arrears. Saskatchewan leads the pack with a .75% delinquency rate, while Ontarians are most up to date on their payments with a .09% delinquency rate.
Many more Canadians have private mortgages than in the past, and those mortgages do not appear in these statistics. Nonetheless, it remains cheaper, in most areas, to pay a low rate mortgage than to pay rent.