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Market share of mortgage lenders based on mortgages outstanding in Canada in 2023, by lender type

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Source

Release date

April 2024

Region

Canada

Survey time period

2023

Citation formats

Market share of mortgage lenders in Canada 2023, by lender type

Published by ÌÇÐÄÆƽâ°æ Research Department, May 24, 2024

In 2023, banks held over ** percent of the mortgages outstanding in Canada. Mortgage Investment Entities (MIEs) and private lenders only had a market share of **** percent. The average mortgage rate in Canada has increased notably since 2021. This has led to the housing market slowing and the value of mortgages outstanding to plateau. 

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Topics

Mortgage industry worldwide: developed marketsHousing market in the U.S.Housing market in CanadaGlobal housing market First-time home buying UK
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