Finance and Real Estate Infographics Canada

Mortgages and HELOCs represent 53% of Canadian banks' loans, with 64% of loans within Canada. Nearly half of business loans are issued outside Canada.

The Big 6 Canadian banks issued 93% of loans, with 50% of those (excluding BMO) secured by homes. Over 30% of loans are outside Canada.

New mortgage rules favor lenders, builders, and sellers: higher home prices, longer amortizations, and increased insured market share, but more debt and financial strain for buyers.

Home affordability in Canada is decreasing, but in terms of gold, prices are at 1988 levels. CPI numbers don’t reflect real inflation impacts.

Monthly mortgage renewal rates for major Canadian lenders are set to rise from 1.4% to 2.2% over the next year, reflecting 2020-2021 low-rate renewals.

High unemployment in Toronto (8%) is driving down home prices, nearing bear market territory with a 19.5% drop from the Feb 2022 peak.

Canadian banks have increased reserves for potential loan defaults, anticipating financial struggles ahead. Most have hit 3-year ACL highs, reflecting growing credit risk concerns.

As of July 31, 2024, over 4% of $1.6T in Canadian mortgages are non-amortizing, despite a decrease in problematic mortgages. Amortizations >25 years remain significant.

Canadian banks wrote off $3.49B in Q3 2024 loans, a 48% increase from last year, signaling rising financial struggles in Canada and the U.S.