Chartered banks: Home equity lines of credit (HELOCs)

View or download the latest quarterly data. For metadata and background information, see the notes.

Quarterly data typically published 70 days after calendar quarter end.

Quarterly series

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HELOCs outside of combined loan plans

Quarter-end, Millions of dollarsCANSIM2024Q22024Q32024Q42025Q12025Q2
Authorized amounts
Totalv1325929545125,400124,360122,406121,789120,587
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929546113,881113,683111,852110,842109,712
> 50% to ≤ 65%v13259295478,5428,3198,3328,4538,441
Over 65%v13259295482,9772,3582,2222,4952,434
Drawn amounts
Totalv132592954935,36134,53233,81332,95932,435
Loan-to-value ratio (LTV ratio)
50% or less1 v132592955031,69731,13330,41129,50729,004
> 50% to ≤ 65%v13259295512,6832,5962,6112,5972,594
Over 65%v1325929552980803792856837

Combined mortgage-HELOC loan plans

Quarter-end, Millions of dollarsCANSIM2024Q22024Q32024Q42025Q12025Q2
Authorized amounts
Totalv13259295531,215,2791,232,9151,250,2761,265,6351,292,520
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929554506,312516,318503,066490,121490,771
> 50% to ≤ 65%v1325929555356,639364,597358,311353,084357,295
Over 65%v1325929556352,328351,999388,899422,430444,455
Drawn amounts
Totalv1325929557829,196839,397849,264854,785873,181
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929558276,297281,470269,985257,500256,555
> 50% to ≤ 65%v1325929559258,519263,423256,932250,043250,908
Over 65%v1325929560294,379294,504322,348347,242365,719

HELOCs and HELOC components of combined mortgage-HELOC loan plans utilization rates

Quarter-end, Millions of dollarsCANSIM2024Q22024Q32024Q42025Q12025Q2
Authorized Amounts
Totalv1325929561698,090706,329716,182727,060744,330
Utilization rate (outstanding / authorized)2 
≥ 0% to ≤ 20%v1325929562474,052481,401488,987501,017513,841
> 20% to ≤ 40%v132592956354,42654,90955,56255,58556,852
> 40% to ≤ 60%v132592956441,97142,18942,50142,19742,949
> 60% to ≤ 80%v132592956538,71538,58139,05638,76339,544
> 80% to ≤ 100%v132592956688,92589,25090,07689,49791,143
Drawn amounts
Totalv1325929567153,075153,523155,075154,207157,151
Utilization rate (outstanding / authorized)2 
≥ 0% to ≤ 20%v13259295688,9699,0709,1589,3659,588
> 20% to ≤ 40%v132592956915,86815,99716,18816,20316,554
> 40% to ≤ 60%v132592957020,44720,53620,70320,55720,906
> 60% to ≤ 80%v132592957126,26826,14026,47226,26126,780
> 80% to ≤ 100%v132592957281,52381,78082,55481,82183,324

Residential secured lending

This includes drawn amounts, net of allowance for expected credit losses and various balance sheet adjustments.

Quarter-end, Millions of dollarsCANSIM2024Q22024Q32024Q42025Q12025Q2
Total real estate secured lendingv13259295731,934,1821,955,2011,976,0671,984,1962,007,166
HELOC (stand alone)v132592957435,36834,56033,84433,02032,452
Mortgage (stand alone)v1325929575995,6411,006,4341,015,1731,018,1941,022,191
Combined mortgage and HELOC plansv1325929576829,202839,530849,385855,011873,394
Of which: non-amortizingv1325929577117,919119,214121,438121,431124,948
Of which: amortizingv1325929578711,283720,316727,947733,580748,445
Other lending secured by real estatev132592957973,97274,67677,66477,97279,129
HELOC and non-amortizing part of combined plansv1325929580153,287153,774155,283154,451157,400
Mortgage and amortizing part of combined plansv13259295811,706,9241,726,7511,743,1201,751,7741,770,636

Notes

Source: Bank of Canada

Federally-regulated credit unions and subsidiaries of non-bank financial institutions are excluded from the universe of chartered banks for the purposes of the Banking and Financial Statistics (BFS) tables. This treatment is consistent with the methodology used by Statistics Canada in their key economic and financial statistical programs (e.g., National Balance Sheet Accounts), which follows the NAICS framework.

The data shown provides information on the Home Equity Lines of Credit (HELOCs) and related products secured by residential properties in Canada with the exception of business loans. Reporting coverage encompasses selected chartered banks with the largest total assets.

The reporting practices for combined plans vary across financial institutions, and the mortgage component of combined plans may be reported as either a mortgage or a HELOC.

For supplemental information and general details on the source data, please visit the Home Equity Lines of Credit (HELOCs) (J2) instructions on the Office of the Superintendent of Financial Institutions (OSFI) website. Please note that the re-advanceable part of a loan has undergone a definition change effective 2021 Q1.

  1. 1. This category includes loans without an available loan-to-value (LTV) ratio. The expectation is that this would only occur in unusual circumstances.[]
  2. 2. The utilization rate for a loan is defined as the drawn amount (outstanding balance) over the authorized amount.[]