Toronto, Vancouver Show Strongest Signs of Mortgage Strain: Study Homeowners in Toronto and Vancouver are showing increasing signs of financial strain, with anticipated mortgage payment defaults expected to rise gradually this year. The Canada Mortgage and Housing Corp. report indicates these two cities are the most vulnerable among major Canadian markets. While arrears are currently low, they are projected to continue their upward trend over the next year.

• Homeowners in Toronto and Vancouver are showing signs of financial strain.
• Missed mortgage payments are expected to increase gradually this year in these cities.
• Toronto and Vancouver appear to be the most vulnerable major Canadian markets.
• The mortgage arrears rate in Toronto has more than quadrupled from post-pandemic lows.
• Arrears, though currently low, are projected to rise over the next year.