Equifax reports that while Canada’s overall mortgage market remains steady at $1.97 trillion in balances, Ontario and B.C. are seeing an uptick in severe delinquencies. It’s a trend I’m watching closely, especially as more first-time buyers turn to joint mortgages to get their foot in the door. Renewals are also presenting new risks, which highlights just how important it is for lenders—and borrowers—to adapt their strategies to the realities of each region. As someone who’s built a career simplifying complex mortgage options and guiding clients through each stage with clarity, I see this as a moment to double down on transparency and strategic planning. The right approach can help make even the most challenging market conditions feel manageable and stress-free.
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