Mortgage Delinquency Rate Low in Vancouver

According to Canadian Mortgage and Housing Corporation, the mortgage delinquency rate remained low and stable in 2016.

Vancouver and Toronto continue to record some of the lowest delinquency rates in Canada despite high prices, however the situation is a bit different in oil dependent regions like Calgary and Edmonton. They continue to struggle with delinquency rates trending up.

However, the average Canadian mortgage scheduled payment growth rate has accelerated and now is firmly above the rate of inflation.