CMHC groups cities into 3 types for mortgage arrears

Posted On Nov 19, 2024

Three distinct groups of cities emerge from CMHC's analysis:

1. housing markets that may not go through sharp increases in mortgage arrears
2. housing markets that may go through sharp increases in mortgage arrears
3. a mixed group that deserves further monitoring

Calgary, Saskatoon and Halifax could stay stable with low arrears

Winnipeg may go into mortgage arrears  

Toronto and Vancouver CMHC's modelling shows Toronto may reach mortgage arrears rates unseen since 2012.  

Source: https://www.cmhc-schl.gc.ca/blog/2024/analysis-canadian-residential-mortgage-market?utm_medium=email&utm_source=email-e-blast&utm_campaign=2024-11-tl_mathieu_laberge_nov24