Young Canadians aged 30 and under are failing to make payments on their mortgages at a rate seven times higher than the rest of the population, according to the latest data from the credit agency TransUnion.
The report, which analyzed credit trends for young consumers in the first quarter of 2025, found 29-year-olds and 30-year-olds had the worst mortgage delinquency rates at 1 per cent and 1.1 per cent, respectively -nearly 10 times the average national rate of 0.12 per cent. The average delinquency rate of mortgage holders between 18 and 30 was 0.84 per cent.
