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Canadian Loans at Federally Regulated Banks as of Jan 31, 2024

May 15, 2024
Canadian Loans at Federally Regulated Banks as of Jan 31, 2024

Market share of all loans ($4,319B) at federally (OSFI) regulated banks: 55% of all loans ($2,369B) are secured by real estate.

Loan Types:

- Mortgages: 46.5%
Insured: 10%
Uninsured: 32.1%
Reverse: 0.2%
Commercial: 4.3%

- Business Loans: 31.4$
Secured (non real-estate): 17.2%
Secured (real-estate): 1%
Non-Secured: 13.2%

- Personal Loans: 17.6%
Secured (real-estate): 7.3%
Secured (non real-estate): 4.8%
Non-Secured: 5.4%

- To Banks & Govs: 3.6%
Other banks: 2.9%
All levels of governments in Canada: 0.1%
Foreign governments: 0.5%

- Others: 0.9%

RBC had the largest share of loans provided by major financial institutions in Canada as of Jan 31, 2024.

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Disclaimer:

  • Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
  • The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
  • Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
  • Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.