Market Share of Chartered Canadian Banks (July 31, 2024):
Mortgages and HELOCs make up 53% of all loans (inside and outside Canada) and 64% of all the loans within Canada.
Notable Point: Nearly half of the business loans issued by Canadian banks are outside of Canada!
🔹Loan Breakdown (Total: $4.48T):
🏡 Mortgages & HELOCs: 53.2%
Residential Insured: 9.6%
Residential Uninsured: 31.9%
HELOCs: 7.2%
Commercial: 4.3%
Reverse: 0.2%
🏢 Business Loans: 32.8%
Secured: 20.8%
Unsecured: 12%
👥 Personal Loans (excluding HELOCs): 10.3%
Secured (non real-estate): 5.1%
Unsecured: 5.2%
🏦 To Banks & Governments: 2.8%
Other banks: 2.2%
All levels of governments in Canada: 0.1%
Foreign governments: 0.5%
Others: 0.9%
At the end of January 2024, the total loan volume of federally regulated banks was $4.3 trillion.
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