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Private mortgage lenders have nine times the arrears of the big banks

Mortgage delinquency (90+ days) by lender type, Canada, Q1 2020 to Q2 2026

Unit: percent
Compare series or markets · 4 selected
Private mortgage lenders have nine times the arrears of the big banksMortgage investment entity (MIE) delinquency hit 2.57% in Q2 2026, up from 1.83% a year earlier. Chartered banks sit at 0.28% and credit unions at 0.14%. Unit: percent. Not seasonally adjusted. Use left and right arrow keys to inspect observations. The data table follows the chart.Private mortgage lenders have nine times the arrears of the big banksMIEs (private lenders)Chartered banksOther non-bank lendersCredit unionspercent0%0.5%1%1.5%2%2.5%3%Q1 2020Q2 2021Q3 2022Q4 2023Q1 2025Q2 2026CMHC, Residential Mortgage Industry Report, Fall 2026, figure 7 (CBA and Statistics Canada Survey … · Through 2026-Q2Not seasonally adjustedHOMIES RESEARCH
Q2 2026MIEs (private lenders) 2.57%Chartered banks 0.28%Other non-bank lenders 0.27%Credit unions 0.14%

Mortgage investment entity (MIE) delinquency hit 2.57% in Q2 2026, up from 1.83% a year earlier. Chartered banks sit at 0.28% and credit unions at 0.14%.

Source: CMHC, Residential Mortgage Industry Report, Fall 2026, figure 7 (CBA and Statistics Canada Survey of Non-Bank Mortgage Lenders). Reference: 2026-Q2. Released 2026-10-27. Retrieved 2026-10-27.

Not seasonally adjusted · MIEs are a small slice of the market: 1.8% of balances per CMHC's text (the dashboard table shows a 1.29% market share by a different measure). Other non-bank lenders are MFCs, trusts and insurers.

CSVChart permalink ↗
View accessible data table · 4 series, 26 observations

Showing the latest 12 observations.

Private mortgage lenders have nine times the arrears of the big banks. Unit: percent. Not seasonally adjusted
PeriodMIEs (private lenders)Chartered banksOther non-bank lendersCredit unions
Q3 20231.04%0.16%0.19%0.11%
Q4 20231.05%0.18%0.2%0.12%
Q1 20241.37%0.19%0.24%0.13%
Q2 20241.4%0.19%0.26%0.13%
Q3 20241.48%0.2%0.31%0.14%
Q4 20241.62%0.22%0.31%0.14%
Q1 20251.55%0.22%0.18%0.15%
Q2 20251.83%0.23%0.2%0.15%
Q3 20251.96%0.24%0.23%0.15%
Q4 20252.01%0.26%0.23%0.14%
Q1 20262.25%0.28%0.26%0.14%
Q2 20262.57%0.28%0.27%0.14%

Homies Research · CMHC Fall 2026 mortgage report, explained ↗