Mortgage Delinquencies in Toronto Hit 12-Year High as Rate Triples to 0.22%

Mortgage delinquencies are rising as homeownership costs pile up

Rising property taxes, insurance payments and growing delinquencies are eroding the promise of long-term stability in homeownership, according to a new blog from Cotality. The post revealed that across the country, more people are starting to fall behind on their mortgages due to the post-purchase costs. These include property taxes and homeowners insurance, both of which are rising faster than many homeowners can keep up with. Cotality data fro…

Mortgage Delinquencies in Toronto Hit 12-Year High as Rate Triples to 0.22%

Mortgage delinquencies in the Greater Toronto Area have tripled to their highest level in over a decade, reaching approximately 0.22% in early 2025 as homeowners struggle with rising interest rates and soaring living costs. The delinquency rate has tripled from pandemic-era lows and now exceeds levels last seen in 2014, according to Equifax Canada data analyzed by Better Dwelling. Toronto’s mortgage delinquency rate has tripled — now the highes…