What you need to know about mortgage growth, mortgage arrears and alternative lenders in the third quarter of 2021. Get all the details in our winter 2022 Residential Mortgage Industry Report Dashboard.
Mortgage growth continued to increase
Mortgage growth continued to increase in the third quarter of 2021. It went up 10%, bringing total residential mortgage debt in Canada to $1.77 trillion. Since the beginning of the pandemic, chartered banks (+11%) continue to heavily outpace non-banks (+4%) in terms of year-over-year growth of their mortgage portfolio.