Mortgage Delinquencies Surging in Renewal Wave

Mortgage delinquencies in Ontario and B.C. are climbing fast, even as the national rate dips. The data shows a sharper story: homeowners tapping dwindling equity, rising non-mortgage delinquencies, and a renewal wave that’s only beginning. #canadahousing #canadianeconomy #mortgagerenewal Links: "Now or Never" for First Time Home Buyers: CBC: https://www.youtube.com/watch?v=GatEyRsnLxE Is now the moment for first-time buyers to get into the housing market?: https://ici.radio-canada.ca/rci/en/news/2187943/is-now-the-moment-for-first-time-buyers-to-get-into-the-housing-market Media availability on June 5, 2024 / Point de presse le 5 juin 2024: https://www.youtube.com/watch?v=U4fi3KLD8mI Canadian housing market 'sluggish' despite change to mortgage loan rules: https://www.youtube.com/watch?v=BzRyiKoumBI 1.4M Canadians Miss Payments as Mortgage Options Disappear: https://www.youtube.com/watch?v=1tONS6JpPJA Canada's Banking Head Warns of 2025/2026 Mortgage Renewals: https://www.youtube.com/watch?v=OjOZYAmD5yQ National delinquency rate drops but continues to rise in Ontario and BC: https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2025/national-delinquency-rate-drops-continues-rise-ontario-bc Residential Mortgage Industry Report Fall 2025 Edition: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/housing-finance/residential-mortgage-industry-report Residential Mortgage Industry Data Dashboard: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-data/residential-mortgage-industry-data-dashboard Mortgage Delinquency Rate: Canada, Provinces and CMAs: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-data/data-tables/mortgage-and-debt/mortgage-delinquency-rate-canada-provinces-cmas Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada (LRUNTTTTCAM156S): https://fred.stlouisfed.org/series/LRUNTTTTCAM156S Tough times for truck and bus makers as new tariffs go into effect: https://www.cbc.ca/news/business/truck-bus-tariffs-9.6962040 How will mortgage payments change at renewal? An updated analysis: https://www.bankofcanada.ca/2025/07/staff-analytical-note-2025-21/#chart3 Renters so far more ‘vulnerable’ than homeowners amid higher interest rates. Why?: https://globalnews.ca/news/10484740/bank-of-canada-renter-vulnerability/ No recovery yet as housing sales in Canada decline in September: https://globalnews.ca/news/11480687/crea-september-housing-sales/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice