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Funds advanced and outstanding balances for new and existing lending by chartered banks

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

Typically published within the third week of the month.

Legend

Mortgages
Funds advanced
Residential mortgages, insured, Total
Fixed rate, 5 years and over
Residential mortgages, uninsured, Total
Fixed rate, 5 years and over
Outstanding balances
Residential mortgages, insured, Total
Fixed rate, 5 years and over
Residential mortgages, uninsured, Total
Fixed rate, 5 years and over
Residential variable rate mortgages
Funds advanced
Total variable rate mortgages, Total
Consumer credit
Funds advanced for non-mortgage loans
Consumer credit, Total
Outstanding balances for non-mortgage loans
Consumer credit, Total
Credit extended to corporate sector for mortgage loans
Funds advanced
Business loans, Total
Credit extended to corporate sector
Outstanding balances
Business loans, Total

Monthly series

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Mortgages1

Month-end, Millions of dollars CANSIM2023‑112023‑122024‑012024‑022024‑03
Funds advanced
Residential mortgages, insured, TotalV1226677244,4763,6773,2633,7714,642
Variable rateV122667725415408358308293
Fixed rate, <1 yearV122667726430375385388433
Fixed rate, 1 to <3 yearsV122667727742623664696817
Fixed rate, 3 to <5 yearsV1226677281,2679229181,2621,783
Fixed rate, 5 years and overV1226677291,6211,3489381,1161,316
Residential mortgages, uninsured, TotalV12266773022,60019,33317,82519,17421,577
Variable rateV1226677313,8054,2503,8603,1322,896
Fixed rate, <1 yearV1226677321,5541,3841,3551,3081,530
Fixed rate, 1 to <3 yearsV1226677335,6635,1235,0285,2935,486
Fixed rate, 3 to <5 yearsV1226677348,7836,6776,0097,7209,796
Fixed rate, 5 years and overV1226677352,7941,8981,5731,7201,870
Outstanding balances
Residential mortgages, insured, TotalV122667736392,183391,720388,017387,465386,521
Variable rateV12266773762,34162,04761,82461,54161,375
Fixed rate, <1 yearV1226677384,3214,2834,3444,4364,359
Fixed rate, 1 to <3 yearsV12266773924,71724,90724,93524,93624,886
Fixed rate, 3 to <5 yearsV12266774073,00873,89074,04474,81875,503
Fixed rate, 5 years and overV122667741227,795226,594222,870221,734220,398
Residential mortgages, uninsured, TotalV1226677421,136,2021,137,9991,138,9421,141,5571,144,974
Variable rateV122667743368,717368,670368,054367,296365,973
Fixed rate, <1 yearV1226677449,0639,2319,3769,4499,698
Fixed rate, 1 to <3 yearsV122667745132,601134,011135,344136,777138,094
Fixed rate, 3 to <5 yearsV122667746276,427279,059281,246285,232290,832
Fixed rate, 5 years and overV122667747349,393347,028344,922342,801340,378
  1. 1. As of January 2019, insured and uninsured residential mortgages exclude residential mortgages to the corporate sector.[]

Residential variable rate mortgages

Month-end, Millions of dollars CANSIM2023‑112023‑122024‑012024‑022024‑03
Funds advanced
Total variable rate mortgages, TotalV1226677484,2964,6904,2633,4723,207
Closed non-convertible variable rate mortgagesV1226677492,6322,9672,5962,0621,841
Closed convertible variable rate mortgagesV1226677501,2861,4441,3811,1571,107
Open variable rate mortgagesV122667751379278285253259

Consumer credit

Month-end, Millions of dollars CANSIM2023‑112023‑122024‑012024‑022024‑03
Funds advanced for non-mortgage loans
Consumer credit, TotalV12266775219,01218,79418,69018,49718,836
Personal loan plansV1226677533,9543,3153,6743,7264,005
Of which: Auto loansV1226677543,1122,6522,8492,8823,239
Personal lines of credit, securedV1226677559,5869,9879,1028,9819,346
Personal lines of credit, unsecuredV1226677563,5483,6333,8213,8123,508
Other personalV1226677571,9241,8592,0941,9781,977
Outstanding balances for non-mortgage loans
Consumer credit, TotalV122667758595,480597,256595,105596,944597,981
Personal loan plansV122667759120,777120,455120,095120,141120,283
Of which: Auto loansV122667760103,556103,329102,976102,891103,038
Credit card loansV12266776193,27794,85193,49593,52593,980
Personal lines of credit, securedV122667762305,800306,545305,922306,949307,460
Personal lines of credit, unsecuredV12266776357,63857,39857,58258,09657,921
Other personalV12266776417,98818,00818,01218,23318,338

Credit extended to corporate sector2

Month-end, Millions of dollars CANSIM2023‑112023‑122024‑012024‑022024‑03
Funds advanced
Business loans, TotalV122667765128,860145,078150,180148,330147,420
non-mortgage loans
To regulated non-bank financial institutionsV1226677664,7964,8204,9594,5924,941
Lease receivablesV122667767690936585633887
Loans to individuals and others for business purposesV122667768118,896134,603140,803138,624137,991
mortgage loans
Non-residential mortgagesV1226677692,5532,7522,2972,3852,028
Outstanding balances
Business loans, TotalV122667770714,206727,659732,738745,177758,002
non-mortgage loans
To regulated non-bank financial institutionsV12266777112,84312,50312,43012,74413,083
Lease receivablesV12266777219,74519,86219,78119,80419,758
Loans to individuals and others for business purposesV122667773510,533524,028526,290537,926550,851
mortgage loans
Non-residential mortgagesV12266777495,92995,98898,11898,05097,769
  1. 2. As of January 2019, Total business loans exclude non-residential mortgages to the personal sector.[]

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 is to provide information on the funds advanced and outstanding balances vis-à-vis new and existing loans, booked in Canada, in Canadian dollars only, to Canadian households and corporate sectors by institutions. Reporting coverage encompasses banks and foreign bank branches.

Information provided on mortgages and consumer credit tables represent credit extended to individuals for non-business purposes. These loans are those used to finance the acquisition of housing, consumer goods and services, including the acquisition of securities.

The funds advanced and outstanding balance section classify amounts across terms based on the term set at loan origination.

Funds advanced represents the cumulative total of new credit extended, new draws on existing credit facilities, mortgage or term-loan renewals and refinancing for a given month.

Outstanding balances are reported as month-end accounting book values, gross of allowances for expected credit losses. Outstanding balances for credit card lending is reported based on the closest billing cycle period.

Data collection on outstanding balances, auto-loans, open and closed variable rate residential mortgages began in July 2016.

For precise definitions of loan categories and general detail, please visit the Report on New and Existing Lending (A4) instructions on the OSFI website.