The Globe and Mail reports in its Tuesday, Nov. 5, edition that the Canada Mortgage and Housing Corp. warns of risks in the mortgage market. A Canadian Press dispatch to The Globe reports that despite these concerns, the overall housing market has remained stable amid higher interest rates. Mortgages over 90 days past due were at 0.19 per cent in the second quarter of 2024, up from a record low of 0.14 per cent in 2022 but below the 0.28 per cent prepandemic rate. Delinquency rates in alternative lending have exceeded prepandemic levels, reaching 1.15 per cent in the first quarter, compared with 0.88 per cent a year ago. For borrowers with single-family homes in the segment, the rate for those at the top 25 mortgage investment corporations more than 60 days behind in payments reached 5 per cent in the second quarter, up from 1.7 per cent in the fourth quarter of 2022. The rising delinquencies come as the alternative segment is seeing faster growth and rising risk, CMHC said. The warning follows a 4.9-per-cent increase in assets managed by the top 25 mortgage investment corporations in the second quarter compared with last year, while the overall residential mortgage market grew by 3.5 per cent.