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Interest-only, thin equity, crushing debt loads

MIE risk profile, share of balances: GTHA Q1 2024 vs Q1 2026, and rest of Canada Q1 2026

Unit: percent of balances
Compare series or markets · 3 selected
Interest-only, thin equity, crushing debt loadsIn Q1 2026, 69.7% of GTHA MIE balances were interest-only, 9.2% of uninsured balances had LTVs above 80%, and 29.0% had total debt service ratios above 60%. Unit: percent of balances. Not applicable. Use left and right arrow keys to inspect observations. The data table follows the chart.Interest-only, thin equity, crushing debt loadsGTHA MIE, Q1 2024GTHA MIE, Q1 2026Rest of Canada MIE, Q1 2026percent of balances0%20%40%60%80%Interest-only loans61%Uninsured, LTV above 80%1.6%TDS above 60%10.4%Interest-only loans69.7%Uninsured, LTV above 80%9.2%TDS above 60%29%Interest-only loans57.3%Uninsured, LTV above 80%2.6%TDS above 60%14.9%CMHC, Residential Mortgage Industry Report, Fall 2026, table 1 (Statistics Canada Survey of Non-Ba… · Through 2026-Q1Not applicableHOMIES RESEARCH
Interest-only loans: 61%

In Q1 2026, 69.7% of GTHA MIE balances were interest-only, 9.2% of uninsured balances had LTVs above 80%, and 29.0% had total debt service ratios above 60%.

Source: CMHC, Residential Mortgage Industry Report, Fall 2026, table 1 (Statistics Canada Survey of Non-Bank Mortgage Lenders). Reference: 2026-Q1. Released 2026-10-27. Retrieved 2026-10-27.

Not applicable · TDS above 60% means more than 60% of gross income goes to debt payments. CMHC's insured-mortgage limit is 44%.

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View accessible data table · 3 series, 3 observations
Interest-only, thin equity, crushing debt loads. Unit: percent of balances. Not applicable
MarketGTHA MIE, Q1 2024GTHA MIE, Q1 2026Rest of Canada MIE, Q1 2026
Interest-only loans61%69.7%57.3%
Uninsured, LTV above 80%1.6%9.2%2.6%
TDS above 60%10.4%29%14.9%

Homies Research · CMHC Fall 2026 mortgage report, explained ↗