Balancing out the statistic is a lower rate of Millennials turning delinquent, making the stat appear like a wash.
Canadian Seniors Are The Only Demographic Seeing Higher Mortgage Delinquencies
Canadian mortgage delinquencies haven’t moved much at the macro level. The rate of delinquencies is 0.30% for Q3 2020, flat from both the previous quarter and last year. It’s a little elevated since the 2018 lows. However, it’s generally stable, even considering the pandemic. Breaking these nu…
