Across Canada, a growing number of homeowners are falling behind on their mortgage payments as borrowing costs remain elevated and affordability pressures continue to build. Recent data from CMHC shows a steady increase in delinquency rates, highlighting how rising debt servicing costs are putting more financial strain on households.
In response to these pressures, traditional lenders have grown more cautious, tightening their credit requirements and making it harder for some borrowers to access financing through conventional channels. This credit tightening is widening the gap in the lending market and creating space for alternative financing solutions to play a larger role.
Private mortgage lending is increasingly stepping in to fill that gap—providing flexible capital at a time when institutional credit is less accessible. As demand for these solutions grows, private credit is becoming an important part of Canada’s evolving lending landscape, supporting borrowers and contributing to overall market stability.