The number of British Columbia homeowners defaulting on their mortgage payments continued to rise in the second quarter of 2025, even as the national rate fell for the first time in three years.
Canada Mortgage and Housing Corporation (CMHC) said in a report Wednesday B.C.’s mortgage delinquency rates increased to 0.19 per cent, compared to 0.16 per cent in the same quarter last year. That’s the highest rate the province has seen since 2017.
CMHC defines a mortgage as in delinquency when payments are missed for 90 days or more.
Data from CMHC, sourced from Equifax Canada, show B.C. rates have ticked up in every quarter since late 2023.
That largely followed a national trend, until the latest quarter saw national rates decline slightly to 0.22 per cent. That still marks a year-over-year increase from 0.19 per cent in the second quarter of 2024.
The population centres of Vancouver, Victoria, Abbotsford-Mission and Kelowna all saw delinquency rates rise compared to the first quarter of the year.
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