Alternative Market Strong in 2022 as Interest Rates Rise

Posted on by itsme

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