Mortgage arrears in particular remain very low. They're pretty much near all-time lows. There are different metrics of it, but the Bank of Canada publishes some data publicly. In the first quarter of this year, 0.12% of mortgages were in arrears, well below the prepandemic 2015 to 2019 average of 0.23%. There's no evidence so far of mortgage arrears rising.
On June 15th, 2023. See this statement in context.