Although only 3% of Canadians fall into the “extreme risk” credit category of a score under 520, nearly 9% (3.5 million) of Canadians have subprime mortgages. This discrepancy highlights that it is not just bad credit that can lead borrowers to subprime lenders – many with good credit and non-traditional income revenues, or good credit and an unusual property use a subprime mortgage because of strict traditional mortgage requirements. This makes them a relatively common occurrence.