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There have been talk about mortgage delinquency rate in US. Which was about 10% few days ago. Looking at Canada we can say that we are not in that bad situation yet. Probably we will never be. The chart below should explain why is that. Canada is nowhere close to the US numbers when it is about delinquent mortgages. I have chose to plot mortgages in arrears in Ontario as it provides with an advanced picture. Let us forget about US – we are not even close to 1992 numbers yet. If I get time in future I wish to elaborate this topic.