<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 1: Share of mortgages by amortization period</label>
    <description><![CDATA[Note: The effective amortization period is the amount of time it takes to repay the remaining balance on the loan at the current pace of repayment. Negative amortization occurs when a borrower’s total regular mortgage payment does not sufficiently cover the interest portion of the payment.

Sources: Regulatory filings of Canadian banks and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=243313</link>
</groupDetail>
<seriesDetail>
<series id="SAN_YANG20241209_C1_S1">
<label>Contractual amortization for mortgages that originated between January and September 2024</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SAN_YANG20241209_C1_S2">
<label>Contractual amortization for all outstanding mortgages as of September 2024</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SAN_YANG20241209_C1_S3">
<label>Effective amortization for all outstanding mortgages as of September 2024</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Less than or equal to 5 years"><v s="SAN_YANG20241209_C1_S1">1.56</v><v s="SAN_YANG20241209_C1_S2">0.97</v><v s="SAN_YANG20241209_C1_S3">8.04</v></o>
<o k="6 to 10 years"><v s="SAN_YANG20241209_C1_S1">2.55</v><v s="SAN_YANG20241209_C1_S2">2.34</v><v s="SAN_YANG20241209_C1_S3">8.50</v></o>
<o k="11 to 15 years"><v s="SAN_YANG20241209_C1_S1">3.33</v><v s="SAN_YANG20241209_C1_S2">3.52</v><v s="SAN_YANG20241209_C1_S3">13.06</v></o>
<o k="16 to 20 years"><v s="SAN_YANG20241209_C1_S1">5.79</v><v s="SAN_YANG20241209_C1_S2">5.98</v><v s="SAN_YANG20241209_C1_S3">21.55</v></o>
<o k="21 to 25 years"><v s="SAN_YANG20241209_C1_S1">43.25</v><v s="SAN_YANG20241209_C1_S2">47.06</v><v s="SAN_YANG20241209_C1_S3">27.39</v></o>
<o k="26 to 30 years"><v s="SAN_YANG20241209_C1_S1">42.13</v><v s="SAN_YANG20241209_C1_S2">32.98</v><v s="SAN_YANG20241209_C1_S3">15.03</v></o>
<o k="More than 30 years"><v s="SAN_YANG20241209_C1_S1">0.70</v><v s="SAN_YANG20241209_C1_S2">2.37</v><v s="SAN_YANG20241209_C1_S3">4.16</v></o>
<o k="Loans in negative amortization"><v s="SAN_YANG20241209_C1_S1">0.00</v><v s="SAN_YANG20241209_C1_S2">0.00</v><v s="SAN_YANG20241209_C1_S3">2.08</v></o>
</observations>
</data>