Ontario city leads surge in Canada’s mortgage delinquencies
Brampton, Ontario has the highest mortgage delinquency rate among major Canadian cities, driven by high borrowing costs, declining home prices, and job losses in key industries. The delinquency rate in Brampton rose to 0.6% in late 2025, significantly above the national average of 0.26%, with larger mortgages showing higher default rates. Economic pressures, recent increases in mortgage rates, and exposure to trade-sensitive sectors are contributing to growing financial stress for homeowners in Brampton and other Ontario cities.
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Open this photo in gallery:Houses lining the streets in Brampton, Ont. on Thursday.Cole Burston/The Globe and MailShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountBrampton, a fast-growing city west of Toronto, is at the heart of Canada’s mortgage troubles as a growing number of homeowners miss loan payments and lenders force the sale of their homes.The municipality has the highest mortgage delinquency rate among larger Canadian cities, according to data from Equifax Canada. And its rate of delinquencies – defined as at least 90 days of missed payments – has been rising at a faster pace than in the rest of the country.
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