05/28/2026
Canada’s mortgage market is under pressure😱
In 2025, mortgage activity was driven more by renewals than new purchases — a clear sign that many homeowners are adjusting to a higher-rate environment.
• Renewal pressure remains high
• 90+ day delinquencies have risen, especially in Ontario and Toronto
• Insured mortgage activity has increased
• Mortgage debt has exceeded $2.4 trillion
• Labour market softness is adding stress
But this is not a collapse.
Delinquencies are rising, yet still low by recent standards. The system remains stable — but borrowers are more sensitive to rates, income changes, and cash flow pressure.
The message is clear:
For buyers, mortgage strategy matters.
For sellers, realistic pricing matters.
For investors, holding power matters.
The next 12–24 months will reward disciplined decisions — not emotional ones.
If you are buying, selling, renewing, or rethinking your GTA real estate strategy, let’s talk.