Ontario Insolvencies Just Hit a 17-Year High and Banks Are Quietly Pulling Back on the Builders Who Need Them Most

Ontario Insolvencies Just Hit a 17-Year High and Banks Are Quietly Pulling Back on the Builders Who Need Them Most

Facing Power of Sale? You Still Have Options. Stop power of sale, foreclosure & receivership – across Ontario.

Ontario recorded nearly 14,000 insolvency filings in the first quarter of 2026 alone, up 14.7% year over year, and stalled construction sites across the GTA tell the same story: banks are retreating exactly when builders, investors, and business owners need capital most. But here's what most people don't know: when the big banks say no, the deal isn't dead. As a commercial mortgage broker, I connect clients with private lenders, credit unions, and alternative capital that can bridge a stalled project, refinance maturing debt, or unlock equity to keep a business alive. A bank decline is a detour, not the end of the road.

Source: https://www.theglobeandmail.com/real-estate/article-real-estate-insolvencies-are-on-the-rise-and-the-worst-isnt-over/

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