Mortgage Arrears Just Hit Their Highest Level in Over a Decade and Ontario Is Leading the Country. Do Not Wait Until You Miss a Payment.
Multifamily & Commercial Financing, Done Right. CMHC MLI Select, private & commercial mortgage financing – Ontario.
The number of Canadian bank mortgages at least 90 days past due reached 14,061 in May 2026, the highest count in more than a decade, and Ontario has gone from the lowest arrears rate in the country to above the national average, with Toronto delinquencies up roughly 60% year over year. Behind every one of those numbers is a family juggling credit cards, car loans, and a mortgage payment that jumped at renewal, and most of them waited far too long to ask for help. As a licensed mortgage broker, I help Ontario homeowners use their home equity to consolidate high-interest debt into one manageable payment, often saving well over $1,000 a month, and the best time to restructure is before your credit takes the hit. If your budget feels tighter every single month, reach out to me for a free, no-judgment review of your options.
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