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 dollarsCANSIM2021Q42022Q12022Q22022Q32022Q4
Authorized amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929546122,458122,180122,598123,775122,101
> 50% to ≤ 65%v132592954710,67410,39310,1239,53710,106
Over 65%v13259295484,2064,1173,9783,1653,332
Drawn amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v132592955040,09039,27138,90338,74237,347
> 50% to ≤ 65%v13259295513,9023,7523,5793,3993,506
Over 65%v13259295521,6151,5411,4311,1021,154

Combined mortgage-HELOC loan plans

Quarter-end, Millions of dollarsCANSIM2021Q42022Q12022Q22022Q32022Q4
Authorized amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929554459,131495,976560,420565,986517,700
> 50% to ≤ 65%v1325929555301,867304,012308,614325,747315,479
Over 65%v1325929556245,867244,814224,274226,246298,488
Drawn amounts
Loan-to-value ratio (LTV ratio)
50% or less1 v1325929558277,538300,886348,246337,822287,624
> 50% to ≤ 65%v1325929559227,530232,177238,653255,261243,113
Over 65%v1325929560205,224204,245187,099196,863266,796

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

Quarter-end, Millions of dollarsCANSIM2021Q42022Q12022Q22022Q32022Q4
Authorized Amounts
Utilization rate (outstanding / authorized)2 
≥ 0% to ≤ 20%v1325929562373,769386,659400,982411,437421,821
> 20% to ≤ 40%v132592956350,08351,12753,25954,21854,064
> 40% to ≤ 60%v132592956440,60641,29642,53643,03542,849
> 60% to ≤ 80%v132592956539,32339,66540,27740,46040,234
> 80% to ≤ 100%v132592956688,71388,37889,84189,29588,329
Drawn amounts
Utilization rate (outstanding / authorized)2 
≥ 0% to ≤ 20%v13259295687,9578,2188,5918,7648,763
> 20% to ≤ 40%v132592956914,71515,00715,61315,89915,837
> 40% to ≤ 60%v132592957019,97020,29020,87221,11020,984
> 60% to ≤ 80%v132592957127,06727,25427,63727,69327,478
> 80% to ≤ 100%v132592957282,17781,66783,00182,35181,191

Residential secured lending

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

Quarter-end, Millions of dollarsCANSIM2021Q42022Q12022Q22022Q32022Q4
Total real estate secured lendingv13259295731,741,8041,772,9251,819,5571,844,6921,863,779
HELOC (stand alone)v132592957445,81344,46343,82543,07141,860
Mortgage (stand alone)v1325929575921,121925,338934,371946,233956,981
Combined mortgage and HELOC plansv1325929576710,272737,426774,048790,102797,647
Of which: non-amortizingv1325929577106,451108,075112,005112,786112,440
Of which: amortizingv1325929578603,821629,352662,043677,316685,207
Other lending secured by real estatev132592957964,59865,69867,31365,28667,292
HELOC and non-amortizing part of combined plansv1325929580152,264152,537155,830155,857154,299
Mortgage and amortizing part of combined plansv13259295811,524,9411,554,6901,596,4141,623,5491,642,188


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.[]