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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 dollarsCANSIM2022Q42023Q12023Q22023Q32023Q4
Authorized amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929546122,080119,796118,289117,951117,478
> 50% to ≤ 65%v132592954710,03710,50510,4519,7699,702
Over 65%v13259295483,2564,2414,9183,9963,510
Drawn amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v132592955037,34135,62434,75034,10833,462
> 50% to ≤ 65%v13259295513,4863,4303,3273,0653,022
Over 65%v13259295521,1341,4411,6201,2721,140

Combined mortgage-HELOC loan plans

Quarter-end, Millions of dollarsCANSIM2022Q42023Q12023Q22023Q32023Q4
Authorized amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929554491,173450,828464,385502,055493,610
> 50% to ≤ 65%v1325929555322,994315,697321,985344,902344,281
Over 65%v1325929556319,500379,340373,130321,010336,579
Drawn amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929558287,615253,753258,248281,959274,314
> 50% to ≤ 65%v1325929559243,079230,827236,346254,599251,802
Over 65%v1325929560266,256313,245309,400268,485279,126

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

Quarter-end, Millions of dollarsCANSIM2022Q42023Q12023Q22023Q32023Q4
Authorized Amounts
Utilization rate (outstanding / authorized)2 
≥ 0% to ≤ 20%v1325929562421,562433,847443,078452,595459,027
> 20% to ≤ 40%v132592956354,02853,56054,00353,62953,922
> 40% to ≤ 60%v132592956442,82042,30642,05741,50041,762
> 60% to ≤ 80%v132592956540,20639,36839,19938,42638,315
> 80% to ≤ 100%v132592956688,28786,71587,37585,98586,782
Drawn amounts
Utilization rate (outstanding / authorized)2 
≥ 0% to ≤ 20%v13259295688,7588,7058,7968,7658,837
> 20% to ≤ 40%v132592956915,82615,68315,80415,67015,759
> 40% to ≤ 60%v132592957020,96920,68020,55720,25720,368
> 60% to ≤ 80%v132592957127,45826,84426,67326,09526,010
> 80% to ≤ 100%v132592957281,15379,58679,98978,69379,392

Residential secured lending

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

Quarter-end, Millions of dollarsCANSIM2022Q42023Q12023Q22023Q32023Q4
Total real estate secured lendingv13259295731,854,1441,860,4631,880,0161,894,1731,905,911
HELOC (stand alone)v132592957441,81340,33739,51638,03528,651
Mortgage (stand alone)v1325929575948,936954,506967,825983,193992,602
Combined mortgage and HELOC plansv1325929576797,064797,950804,472805,201814,105
Of which: non-amortizingv1325929577112,397111,191112,299111,206112,896
Of which: amortizingv1325929578684,666686,759692,172693,994701,209
Other lending secured by real estatev132592957966,33167,67068,20467,74470,553
HELOC and non-amortizing part of combined plansv1325929580154,210151,528151,815149,241141,547
Mortgage and amortizing part of combined plansv13259295811,633,6031,641,2651,659,9981,677,1871,693,811


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.[]