Ontario is once again leading the charge for consumer debt in Canada, with a growing number of residents failing to pay off their mortgages, credit cards and other bills. It adds that "conversely, mortgage missed payments in other Canadian regions are still below pre-pandemic levels." 's, which is a substantially lower 0.19 per cent), marking an 11 basis point spike compared to Q2 2024 (B.C. 's, by comparison, rose only 5 basis points). "In regions such as Ontario, both mortgage and non-mortgage consumers are experiencing substantial financial strain," the report says.