00000cam 2200000zi 4500 9.961569 CaOODSP 20260401085957 m o d f cr cn||||||||| 260401e20260226oncad obs f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-8/2026-3E-PDF Zhao, Laura, author. Consumers' path to mortgage delinquency / Laura Zhao, Jia Qi Xiao, Aidan Witts. [Ottawa] : Bank of Canada = Banque du Canada, February 26, 2026. ©2026 1 online resource (ii, 15 pages) : illustrations, graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-3 Cover title. Includes bibliographical references (page 13). "This paper examines the behavioural patterns of Canadian borrowers as they progress toward mortgage delinquency. Using the full universe of TransUnion Canada borrower credit data from 2015 to 2024, we document that mortgage holders begin increasing their credit utilization roughly two years before their first mortgage delinquency. One or two years prior to becoming late on their mortgage, households frequently being missing payments on various consumer credit products, particularly credit cards. These patterns accelerates sharply in the final six months leading up to mortgage delinquency. These empirical patterns provide a consistent and robust set of early warning signals that can be used to monitor emerging household financial stress"--Abstract, page ii. Financial risk management Canada. Mortgage loans Canada Statistics. Consumer credit Canada Statistics. Finances Gestion du risque Canada. Prêts hypothécaires Canada Statistiques. Crédit à la consommation Canada Statistiques. Statistics lcgft Statistiques rvmgf Bank of Canada, issuing body. Staff analytical paper (Bank of Canada) 3110-9195 ; 2026-3. (CaOODSP)9.958938 PDF 666 KB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-3-eng.pdf