This Is How Many Canadians Missed Credit Payments in the First Quarter of 2025

Windsor sees jump in missed mortgage payments — but not as bad as rest of Ontario

'You almost have to have two families and two incomes' to now afford a new-build home in Windsor area, as mortgage debt delinquencies rise.

Equifax report says 1.4M consumers missed a credit payment in Q1

There's a deepening divide between consumers in the face of economic uncertainty as those missing payments rose compared with a year ago, a new Equifax report shows.

Quebec borrowers are increasingly struggling to honour their monthly payments, according to an analysis published on Tuesday by Equifax.

This is how many Canadians missed credit payments in the first quarter of 2025

There are troubling new numbers that show more Canadians are missing payments on their mortgages, auto loans, and credit cards.

Canadians missing more payments, as one default rate reaches crisis-era level

The strain is particularly high among young people and those living in Ontario

Ontario Mortgages In Delinquency Surge 71% Over Last Year's Level

Canadian non-mortgage delinquencies reached "levels not seen since 2009" in the first quarter, while mortgage delinquencies in Ontario hit the highest point ever recorded by Equifax, according to the credit bureau's latest Market Pulse Consumer Credit Trends and Insights report.In Ontario, the 90+ day mortgage delinquency rate rose to 0.24%, which marks a "substantial" 71.5% increase from a year ago, and British Columbia followed with a notable …