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Remaining Amortization of the Residential Mortgages from Canada's 7 Main Lenders (as of Jan 31, 2025 - Q1 2025)

April 30, 2025
Remaining Amortization of the Residential Mortgages from Canada's 7 Main Lenders (as of Jan 31, 2025 - Q1 2025)

🍁 Remaining Amortization of the Residential Mortgages from Canada's 7 Main Lenders (as of Jan 31, 2025 - Q1 2025)

BankDateMortgage Portfolio< 25 Years25 - 30 Years30 - 35 Years> 35 YearsNegative AmortizationHELOC
TotalQ1 20251647.64B68.30%27.20%1.00%2.50%1.00%289.47B
TotalQ1 20241554.61B
+6%
62.60%22.00%1.00%8.40%6.00%278.39B
RBCQ1 2025443.26B68.00%32.00%0.00%0.00%N/A37.18B
RBCQ1 2024398.1B
+11.3%
58.00%21.00%1.00%20.00%N/A34.69B
TDQ1 2025272.84B62.50%29.40%1.20%4.40%2.50%124.21B
TDQ1 2024266.32B
+2.4%
55.60%25.40%1.40%5.20%12.40%117.91B
ScotiabankQ1 2025303.68B69.80%28.90%0.90%0.40%N/A23.06B
ScotiabankQ1 2024287.8B
+5.5%
71.70%27.60%0.50%0.20%N/A22.77B
BMOQ1 2025160.12B64.40%25.50%2.40%6.10%1.60%49.91B
BMOQ1 2024150.04B
+6.7%
56.00%19.30%1.90%7.50%15.30%48.66B
CIBCQ1 2025268.7B63.00%27.00%2.00%5.70%2.30%19.4B
CIBCQ1 2024264.9B
+1.4%
55.00%23.00%1.00%6.60%14.40%19B
National BankQ1 202566.76B71.10%27.30%1.50%0.10%N/A29.28B
National BankQ1 202461.94B
+7.8%
72.50%26.70%0.70%0.10%N/A29.36B
DesjardinsQ1 2025132.28B91.70%5.40%0.10%2.80%Included in the > 35 years category6.43B
DesjardinsQ1 2024125.52B
+5.4%
90.30%4.60%0.10%5.00%Included in the > 35 years category6B

🔹Good News: Negative amortization mortgages—where payments don’t even cover interest—dropped 83% in volume, falling from 6% to 1% of all mortgages in a year, reflecting relief from Bank of Canada rate cuts.

🔹Bad News: Despite this progress, 31.7% of mortgages still have remaining amortizations of 25 years or more, raising concerns about long-term debt sustainability.

🏠 Total Real Estate Loans (Across the Big 7)

  • Mortgages: $1.65 trillion — representing ~80% of all residential mortgages in Canada
  • Home Equity Lines of Credit (HELOCs): $289.5 billion, with TD holding 43% of the total

🧮 Amortization Breakdown

  • 31.7% ($522.6B) ≥ 25-year amortization
  • 3.5% ($57.6B) > 35-year amortization
  • Over 1% ($15.8 B+) are non-amortizing (payments < mortgage interest)

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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.
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  • 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.