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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 dollarsCANSIM2022Q32022Q42023Q12023Q22023Q3
Authorized amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929546123,773122,099119,816118,309117,969
> 50% to ≤ 65%v13259295479,53710,10610,57610,5239,798
Over 65%v13259295483,1653,3324,3174,9924,138
Drawn amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v132592955038,74137,34735,63034,75534,112
> 50% to ≤ 65%v13259295513,3993,5063,4503,3463,072
Over 65%v13259295521,1021,1541,4611,6381,300

Combined mortgage-HELOC loan plans

Quarter-end, Millions of dollarsCANSIM2022Q32022Q42023Q12023Q22023Q3
Authorized amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929554565,986491,187450,842464,400502,074
> 50% to ≤ 65%v1325929555325,747323,042315,746322,036344,951
Over 65%v1325929556226,246320,198380,040373,837321,709
Drawn amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929558337,822287,624253,762258,258281,971
> 50% to ≤ 65%v1325929559255,261243,113230,862236,384254,635
Over 65%v1325929560196,863266,796313,786309,945269,020

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

Quarter-end, Millions of dollarsCANSIM2022Q32022Q42023Q12023Q22023Q3
Authorized Amounts
Utilization rate (outstanding / authorized)2 
≥ 0% to ≤ 20%v1325929562411,436421,820434,116443,354452,899
> 20% to ≤ 40%v132592956354,21854,06453,59554,03853,668
> 40% to ≤ 60%v132592956443,03342,84842,33442,08641,529
> 60% to ≤ 80%v132592956540,46040,23439,39839,22638,452
> 80% to ≤ 100%v132592956689,29588,32986,75787,41686,025
Drawn amounts
Utilization rate (outstanding / authorized)2 
≥ 0% to ≤ 20%v13259295688,7648,7638,7108,8018,772
> 20% to ≤ 40%v132592956915,89915,83715,69315,81415,681
> 40% to ≤ 60%v132592957021,11020,98320,69420,57220,271
> 60% to ≤ 80%v132592957127,69327,47826,86526,69326,113
> 80% to ≤ 100%v132592957282,35181,19179,62380,02778,729

Residential secured lending

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

Quarter-end, Millions of dollarsCANSIM2022Q32022Q42023Q12023Q22023Q3
Total real estate secured lendingv13259295731,837,5341,856,7091,863,0411,882,6351,896,790
HELOC (stand alone)v132592957443,07041,85940,38239,55838,075
Mortgage (stand alone)v1325929575939,301950,267955,837969,153984,558
Combined mortgage and HELOC plansv1325929576790,102797,647798,535805,065805,784
Of which: non-amortizingv1325929577112,786112,440111,234112,344111,253
Of which: amortizingv1325929578677,316685,207687,301692,720694,531
Other lending secured by real estatev132592957965,06166,93668,28668,85968,373
HELOC and non-amortizing part of combined plansv1325929580155,857154,299151,616151,903149,328
Mortgage and amortizing part of combined plansv13259295811,616,6161,635,4751,643,1381,661,8741,679,090


Source: Bank of Canada

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.[]