The mortgage arrears rate in Canada, defined as a borrower 90 days or more behind on mortgage payments, in February 2017, (the most recent stats published,) was 0.28% according to the Canadian Bankers Association.  That's 4,720,283 mortgages of which 13,057 are in arrears.  

Less than 1/3 of 1% of all Canadian mortgages in arrears isn't a sign that Canadians are reckless borrowers or that Canadian lenders are indulging in cavalier lending practices.  Historically, the percentage of mortgages in arrears in Canada has never exceeded 2/3 of 1% or 0.65%. Since the turn of the century never higher than 0.45%.  So, inflationary times or recessionary times, Canadians aren't in the habit of mailing the keys back to the bank.