Winnipeg’s Mortgage Delinquency Rate

Currently, Winnipeg is sitting at a .18% mortgage delinquency rate. What does this mean? This means that .18% of mortgages are 90 days or more past due on payments. This is also a lower number than the average since 2013.

The reason I tell you this... There is a misconception that there will be an abundance of mortgage foreclosures coming our way and that we will be able to scoop up homes at incredible deals.

The truth is.... we are doing incredibly well on our mortgage payments as a city. If people do get in hot water and are headed for foreclosure, they will sell their homes and have incredible amounts of equity to pull out, leaving them in a good financial spot.