Calgary Mortgage Stress Remains Contained

Calgary’s mortgage delinquency rate remains stable despite higher borrowing costs. While the Bank of Canada cut its policy rate by 75 basis points in 2025 and average five-year mortgage rates eased to 6.22%, mortgage delinquencies have risen in many major Canadian cities. Calgary stands apart.

As of Q3 2025, Calgary’s mortgage delinquency rate held at 0.16%, reflecting relatively strong household balance sheets compared with Ontario and B.C. markets facing sharper renewal pressures.

Contained household credit stress supports broader economic stability, reinforcing fundamentals that underpin retail spending, office occupancy, and industrial demand.

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Source: City of Calgary, Housing Review Q4 2025