05/26/2026
Insolvency volumes in Canada have hit their highest level since 2009, driven by escalating financial strain on mortgage holders. According to Equifax Canada’s latest market pulse report, first-quarter insolvency filings surged 18.8% year-over-year as consumers reached a financial breaking point under the weight of high interest rates.
A new report from Equifax Canada says insolvency volumes have risen to the highest level since 2009 amid escalating financial strain on homeowners.