Alternative Market Strong in 2022 as Interest Rates Rise
All Non-Bank Mortgages (includes credit unions, mortgage investment entities)
- All non-bank mortgages increased in Q3 2022
| Characteristics of outstanding residential mortgage loans |
Residential mortgage loans outstanding |
Q3 2021 |
Q4 2021 |
Q1 2022 |
Q2 2022 |
Q3 2022 |
|
|
|
|
|
|
|
| Total outstanding residential mortgages |
|
Dollars |
| Value of mortgages outstanding (x 1,000) |
350,479,646 |
356,641,630 |
361,752,198 |
373,588,175 |
380,398,324 |
|
Number |
| Number of mortgages outstanding |
1,722,719 |
1,727,565 |
1,729,575 |
1,754,314 |
1,770,438 |
| Total uninsured outstanding residential mortgages |
|
Dollars |
| Value of mortgages outstanding (x 1,000) |
223,231,963 |
230,264,697 |
235,913,243 |
246,792,905 |
252,238,165 |
|
Number |
| Number of mortgages outstanding |
1,178,274 |
1,192,062 |
1,197,139 |
1,221,885 |
1,236,354 |
Mortgage Investment Entities
| Lender type |
Mortgage Investment Entities |
| Geography |
Canada (map) |
| Characteristics of residential mortgage loan increases |
Mortgage loans increases |
Q3 2021 |
Q4 2021 |
Q1 2022 |
Q2 2022 |
Q3 2022 |
|
|
|
|
|
|
|
| Total residential mortgages extended |
|
Dollars |
| Value of mortgage increases (x 1,000) |
11,512,711 |
10,588,550 |
15,327,014 |
16,294,745 |
15,090,952 |
|
Number |
| Number of mortgages increases |
54,290 |
53,897 |
53,856 |
54,832 |
52,996 |
Other types of non-bank lenders (excludes credit unions, mortgage investment entities)
| Characteristics of residential mortgage loan increases |
Mortgage loans increases |
Q3 2021 |
Q4 2021 |
Q1 2022 |
Q2 2022 |
Q3 2022 |
|
|
|
|
|
|
|
| Total residential mortgages extended |
|
Dollars |
| Value of mortgage increases (x 1,000) |
18,061,114 |
18,503,260 |
13,816,889 |
13,354,795 |
13,721,393 |
|
Number |
| Number of mortgages increases |
47,017 |
43,413 |
36,068 |
32,365 |
36,348 |
Source Stats Canada: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3310053001
